The Russian war of aggression against Ukraine is having a negative impact on the Russian economy, UK Defence Intelligence says. Source: UK Defence Intelligence review dated 18 January, as reported by European Pravda Quote from UK intelligence: "Russia's continued invasion of Ukraine is highly likely to negatively impact the outlook for the Russian economy.
Elvira Nabiullina, Head of the Central Bank of Russia, has said that she is preparing for tougher sanctions against the country's economy. Source: Nabiullina in an interview with RBC, a Russian news agency According to Nabiullina, the structural reorganisation of the Russian economy is proceeding "quite quickly" as businesses adapt to the sanctions.
Rest of World News: Putin apologizes for escalating inflation, specifically the 40% surge in egg prices. The shortage of essential goods and Western trade restrictions ha