Agrinews

July 11, 14:13 Source: APK-Inform Views: 195

Russia: strengthening of economic sanctions to slow down the GDP growth

Eventual toughen of sanctions against Russia, due to the conflict around Ukraine, to slow down the GDP growth in Russia to 0.2-0.3% in 2014.

Still there is a risk on breach of gas exports through the territory of Ukraine and implementation of trade sanctions by the European Union. In short- and long-term periods Russia has enough reserves in order to compensate bigger part of economic losses.

According to the forecast of the Ministry of Economic Development of Russia, in 2014 economics growth may total 0.5%. But, the Head of the Ministry, Alexey Ulyukaev, mentioned that the stated rate may total nearly 1%.

At the same time, in the long run sanctions may significantly influence on the budget reliability decrease, worsening of conditions and reduction of possibilities for modernization within the technologies, investments and leadership practice imports limitation.

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