Russian central bank sees 'prolonged' impact from Western sanctions


MOSCOW (Reuters) - The Russian central bank expects Western sanctions already imposed on Russia for its involvement in the Ukraine crisis to have a prolonged effect and hinder economic growth next year, according to a policy document published on Friday.

"The impact from already imposed sanctions, including limiting access to foreign financial markets for Russian companies, will have a prolonged effect," the central bank said in its annual monetary policy strategy document. "This will constrain economic growth in 2015."

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Slovak court pauses legal change limiting cooperating witness testimony
Ghana to license medicinal, industrial cannabis use
Real Madrid reaches agreement with UEFA to officially end Super League project
Defending champion Anthony's mistake hands moguls gold to Olympic debutant Lemley
South Sudan cuts cholera deaths, new cases amid sustained response
Zambia urges Africa to strengthen water management cooperation
1 dead, 2 injured in college shooting in Russia's Krasnodar region
Chinese medical team trains South Sudanese counterparts on first aid
Le Pen lawyers tell French appeals court she did not intend to do wrong
Electric vehicles in Kenya surge to 35,000 in 2025, driven by e-motorcycles

Others Also Read