Russia is grappling with a labor shortfall, with an estimated 4.8 million workers needed in 2023, and the issue is projected to persist into 2024, according to a report by the Izvestia newspaper, based on expert analysis and research from the Russian Academy of Science’s Institute of Economics. On December 25, Elvira Nabiullina, the Governor of the Bank of Russia, stated that the country should be prepared for an intensification of sanctions. Nabiullina, who played a key role in mitigating the impact of sanctions due to Russia's invasion of Ukraine, expressed that while it may be tempting to think Russia is 'knee-deep in the sea' after weathering the initial storm, 'we must be prepared for increased sanctions pressure.'
⚡️Russian Central Bank head says country should prepare for increased sanction pressure. "It is, of course, tempting to think that we fared well in 2022 and now we don't have a care in the world," said Elvira Nabiullina on Dec. 25. "But we need to prepare for increased pressure…
There’s a temptation to think “we are, as they say, knee-deep in the sea” after weathering the initial storm, though “we must be prepared for increased sanctions pressure,” Bank of #Russia governor Elvira Nabiullina said. https://t.co/HbTKtLLxMW
Bank of Russia Governor Elvira Nabiullina, who helped the Kremlin absorb the blow from sanctions over the invasion of Ukraine, says she’s bracing for strengthening of penalties aimed at the country’s economy https://t.co/uSK06R2QWf
🇷🇺 Russia was short of around 4.8 million workers in 2023 and the problem will remain acute in 2024, the Izvestia newspaper reported on Sunday, citing experts and research from the Russian Academy of Science's Institute of Economics. Central Bank Governor Elvira Nabiullina said… https://t.co/6utgtiE7hH
#Russia is short of around 4.8 million workers in 2023 and the problem will remain acute in 2024, the Izvestia newspaper reports, citing experts and research from the Russian Academy of Science’s Institute of Economics. https://t.co/DZY9EyWD6x