April 1 2014, 13:20 Source: APK-Inform Views: 1377

Russia: annexation of the Crimea to influence the GDP growth

Zero growth of the Russian economic, which is the most probable according to the results of the current year, will be the payment for annexation of the Crimea to Russia, and the payment is acceptable for the Russian society, declared Alexei Kudrin, Ex-Minister of Finance of Russia, on March 27.

The expert stated that the economic growth will be at the zero level, plus-minus 0.5%. According to A.Kudrin, the capital outflows from Russia may reach 150 bln USD.

The expert added that in the nearest three months there will be additional capital outflows at the sum of 50 bln USD, then it will fade out. Nevertheless, the outflows will be at the level of significant over 100 bln USD, or even nearly 150-160 bln USD in the whole year.

According to him, in the current year Russian economic will face the shock, which can be comparable with the crisis of 2008. A.Kudrin mentioned that it is the payment for such foreign policy.

The expert declared that due to the situation around Ukraine, Russia will face the economic losses by the way of short payment of hundreds billions USD in terms of GDP growth, investments, budgets income. Also, the Government of Russia needs to take extra expenses, connected with creation of the finance structure independent from the western payment systems.


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