One Of Russia’s Top Bank Executives Says Country’s Economy May Take Decade To Recover From Sanctions

One of Russia’s top bank executives says the country’s economy may take a decade to recover from crushing Western sanctions.

Herman Gref estimates the countries who’ve severed ties with Moscow over its invasion of Ukraine were responsible for 56-percent of its exports and 51-percent of imports.

He has described the bulk of the economy as being “under the fire.”