Central Bank recognized the effectiveness of US sanctions

20 November 2018, 14:38 | Economy
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The new restrictive measures that Washington plans to introduce against Moscow will be less terrible than those that Russia has already experienced..

The director of the research and forecasting department of the Bank of Russia Alexander Morozov is convinced of this.. "We are not ready to say that all the negative consequences that we may encounter will have a very serious impact on us and that this will not have any effect on the Russian economy. This is certainly not the case, "he admitted.. At the same time, he recommended not to overestimate this potential impact..

“The effect on the economy will be in most scenarios much weaker than the effect we observed in 2014-2015,” the CBR representative quoted RIA Novosti as saying.. Currently, the US Congress is considering a bill affecting the activities of Russian state-owned banks.. Exact wording is not disclosed, but experts suggest that it could be a ban on Vnesheconombank, Sberbank, VTB, Gazprombank, Agricultural Bank and Promsvyazbank to have dollar accounts. After the US elections on November 6, parliamentarians have not yet discussed this bill..




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