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Tuesday, October 3, 2023

US Secretary of State Blinken said the Russian economy is a shadow of the old.

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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.

Source: Riafan

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