Bank of Russia reserves forecast to maintain restrictive measures
The Bank of Russia reserves forecast to maintain sanctions until 2018. This was reported by the head of the Central Bank, Elvira Nabiullina, Tass reports.
See also: Nabiullina: The Russian economy has not yet reached the bottom of the «In the forecast, we assume that the financial sanctions against Russia will continue. The need to repay foreign debt will be a major source of capital outflows. During the years 2015-2018 it will gradually decrease from approximately $ 90 billion to $ 55-65 billion a year, depending on the scenario, “- she said.
Nabiullina noted that at the stage of adaptation to the Russian economy changing external conditions demand for imports fell more than for domestic products.
The US and EU have started to impose sanctions on Russia in connection with the events in Ukraine in March 2014.
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