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Bank of Russia sees sanctions remaining until end of 2017

Central bank expects zero economic growth in 2015 and only 0.1 per cent expansion in 2016

Moscow

THE Russian central bank said on Monday that it expects zero economic growth in 2015 and only 0.1 per cent growth in 2016, in a three-year monetary policy strategy that anticipates Western sanctions against Russia will remain until the end of 2017.

The gloomy forecasts

sentifi.com

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