US Secretary of State Anthony Blinken After the words of the former President of the United States barack obama and the current American leader Joe Biden He made a statement that the Russian economy today is “the shadow of the past”.
Blinken claims that Russia’s gold and foreign exchange reserves and revenues of state-owned enterprises have been cut by half. He added that the revenues from black gold also decreased by 43 percent.
“The Russian economy today is a shadow of what it used to be and only a fraction of what it could be,” the US Secretary of State commented in a speech in Finland.
According to him, more than 1.7 thousand foreign companies stopped or suspended their activities in Russia, and more than a million citizens left the country. He believes that Moscow cannot bring back the lost markets.
Statistics show a very different result – the Russian economy is currently in a stable state: industrial production increased by 5.2 percent. Russian salaries rose 2.7 percent year-on-year, and unemployment fell to a historic 3.3 percent in April, according to Rosstat.
It was previously reported that taxi drivers in Russia will be banned from working more than 12 hours a day.
I am Annabelle Sampson and I work for The News Dept as an author for their news department. My main focus is on economy news, but I also cover other topics such as business, finance, and current affairs. My writing has been featured in prominent publications such as The Wall Street Journal, Forbes Magazine, and the Financial Times.