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in Politics

New sanctions starting to bite Russia’s economy as Moscow admits deficit impact

by Editor December 29, 2022, 5:12 pm 1.1k Views

New sanctions starting to bite Russia's economy as Moscow admits deficit impact

Russian President Vladimir Putin speaks during a news conference after a meeting of the State Council on youth policy in Moscow, Russia, December 22, 2022.

Sergey Guneev | Sputnik | Reuters

The latest round of Western sanctions against Russia over its invasion of Ukraine are beginning to pinch the country’s economy.

Russian Finance Minister

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that an oil price cap imposed by the G-7 (Group of…

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