Key Putin aide predicts GDP hit to Russian economy ...News

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Key Putin aide predicts GDP hit to Russian economy
source : Russia Today ( News ) () 14
Sanctions likely to result in 10% decline this year, Alexey Kudrin says The Russian economy could contract by more than 10% in 2022 due to Western sanctions, the head of the Accounts Chamber and former finance minister Alexey Kudrin said on Tuesday, as cited by TASS. This is the official scenario that is currently being worked out at the level of the Ministry of Economic Development and the Ministry of Finance, he said, at a meeting of the Federation Council Committee on Budget and Financial Markets. “Certainly, [GDP] will decrease. The official forecast would be for more than around a 10% decline,” said Kudrin, w

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