Live Update 
From the Liveblog of
Thursday, April 21, 2022
From the Liveblog of
Thursday, April 21, 2022
Russia’s central bank says economic outlook worsening
Add ToI as a Preferred Source on GoogleRussia’s economic outlook has worsened as a central bank survey shows a deeper contraction than previously expected and inflation soaring to 22 percent this year.
While Russian President Vladimir Putin insists the economy has managed to weather the barrage of unprecedented sanctions imposed since he sent troops to Ukraine on February 24, economists believe that the worst impact of the sanctions is still to come.
Speaking in parliament, central bank governor Elvira Nabiullina warns of “difficulties” and the “structural transformation” of the Russian economy due to debilitating sanctions.
“Difficulties are appearing across all sectors, in both big and small companies,” she says.
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