Russia admits new US sanctions would hammer its ailing economy

An additional array of Western sanctions would deliver “new shocks” to a Russian economy already reeling from the loss of billions since the country’s 2014 invasion of Ukraine, one of Moscow’s top economic officials admitted Tuesday.

“Unfortunately, any new sanctions will trigger new shocks and require new adjustment efforts,” Alexei Kudrin, the head of Russia’s Audit Chamber, told reporters in remarks carried by state-run news agency TASS.