Like/Tweet/+1
Search
Display results as :
Advanced Search
RSS feeds

Yahoo! 
MSN 
AOL 
Netvibes 
Bloglines 
Social bookmarking
Social bookmarking Digg  Social bookmarking Delicious  Social bookmarking Reddit  Social bookmarking Stumbleupon  Social bookmarking Slashdot  Social bookmarking Yahoo  Social bookmarking Google  Social bookmarking Blinklist  Social bookmarking Blogmarks  Social bookmarking Technorati  




Bookmark and share the address of UKRAINE ENGLISH NEWS on your social bookmarking website

Share
View previous topicGo downView next topic
avatar
Admin
Administrator
Posts : 14413
Join date : 2015-05-20
Location : United States
http://www.ukraineenglishnews.com

IMF Says Sanctions Take Toll On Russia

on Wed Aug 05, 2015 8:12 pm
Economy faces loss of as much as 9% of its inflation-adjusted value of goods and services

< Photo: A convoy of tanks and APCs driven by Russian-backed rebels rolls through the town of Stakhanov in Ukraine


By ANDREY OSTROUKH for the Wall Street Journal

MOSCOW—Russia’s economy faces the loss of as much as 9% of the inflation-adjusted value of the goods and services it produces if Western sanctions and Moscow’s retaliatory measures remain in place in the medium term, the International Monetary Fund said on Monday.

The West imposed the sanctions last year in response to Moscow’s annexation of Crimea and its support of rebels in eastern Ukraine. The IMF said their impact on Russia’s oil-dependent economy suggests a recovery could be slower than the Kremlin’s forecast.

This year, the U.S. and European Union extended sanctions against Moscow, restricting access to global capital markets for Russian banks and companies. In response, Moscow prolonged its ban on food imports from states that sanctioned Russia.

“The external shocks, added to pre-existing structural weaknesses, are certainly weighing on Russia’s growth prospects,” Ernesto Ramirez Rigo, IMF mission chief for Russia, said in a report...........

wsj.com: Click to read further


===========================
SCROLL UP OR DOWN FOR ADDITIONAL ARTICLES!
View previous topicBack to topView next topic
Permissions in this forum:
You cannot reply to topics in this forum