" Although Russian companies have been adapting to the sanctions, they are facing extra costs that are ultimately translating into price growth."
" as regards inflation expectations. The more strongly high inflation becomes embedded in expectations, the harder and more painful it will be to return the economy to a low inflation rate"
"Labour force and production capacity reserves have been almost exhausted. Shortages of these resources might cause a situation where the economic growth will be slowing down despite any attempts to boost demand
"
.....paints a grim picture .....but not from some propagandist ......but from the woman who is herself charged with managing the russian economy ......
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