Russia said on Thursday that it is currently facing a turbulent situation, adding that the economic situation in the country is “absolutely unprecedented.”
Speaking on Thursday, Kremlin spokesperson Dmitry Peskov, blamed the West for waging an “economic war” against Russia.
Peskov said high inflation rates being witnessed was due to “a shocking external influence” on Russia’s economy.
Following Russia’s invasion of Ukraine, a raft of sanctions have been levied against the country by the United Kingdom, the United States and the European Union among other countries.
There are negative consequences, they will be minimized. At the moment the situation is turbulent,” he said.
Peskov added that “measures to calm down this situation are already being implemented,” but that Russia needs is “to act in order to minimize the consequences and further risks.”