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Economic Indicators

Russian imports may drop by 30% this year, says top official -Tass

06/17/2022

Less than a minute

2022.06.17 22:47

Russian imports may drop by 30% this year, says top official -Tass
FILE PHOTO: A view shows stacked shipping containers in the port of Saint Petersburg, Russia April 18, 2022. REUTERS/REUTERS PHOTOGRAPHER

(Reuters) – Russian imports may drop by 30% this year but will not dwindle to zero, Tass news agency reported Alexei Kudrin, a former finance minister who now heads the state Audit Chamber, as saying on Friday.

It did not give more details. Last week a global banking industry lobby group predicted that Western sanctions would cut Russian imports by 28% in 2022.

Source

06/17/2022

Less than a minute