Russian Prime Minister admits to certain slump in Russian economy

Mikhail Mishustin, Prime Minister of the Russian Federation, acknowledged a "certain slump" in the Russian economy in the fifth month of Russia's war against Ukraine and Western sanctions against Russia.
Source: Meduza, an opposition Russian outlet, quoted Mishustin's testimony at an industrial exhibition
Details: The Russian leader said there was some decline in some industries but noted it was not critical.
Mishustin said that in the future, the Russian economy "needs to move from a catching-up development model to a leadership model."
Mishustin quote: “We have made good progress and in many ways this has enabled our industry to [against Western sanctions – ed. Red.] to withstand and avoid any kind of dramatic scenarios that our opponents predicted and expected.
Yes, some industries are seeing some slump, but nowhere have we approached a critical point. On the contrary, we are seeing accelerated growth in the electronics, pharmaceutical and other industries."
Previous: In May, Russia's Transport Minister Vitaliy Savelyev said Western sanctions had "virtually ruined all logistics in Russia."
Roman Petrenko
Russian businessman

Last News

Former GA high school coach indicted on 22 charges after arrest for sexual exploitation of children

Starbucks customers on TikTok are ‘horrified’ by the chain’s new menu item: ‘This cannot be real’

Ukrainian soldier brings down Russian Su-25 attack jet

River Thames drying up in England

Explosions rock Russian military base in Crimea

Lisa Kudrow recalls Jerry Seinfeld taking some credit for early 'Friends' success