Moscow welcomes reform of UN’s anti-terrorism activities — LavrovRussian Politics & Diplomacy September 22, 3:53
NATO seeking to revive cold war-era climate — LavrovRussian Politics & Diplomacy September 22, 3:51
Situation in Syria gives grounds for cautious optimism — LavrovWorld September 22, 1:24
NATO secretary general comments on Russian military drillsWorld September 21, 21:34
NATO secretary general hails idea of deploying UN force in UkraineWorld September 21, 21:29
Russia ready to discuss alternative resolutions on UN mission to DonbassRussian Politics & Diplomacy September 21, 20:18
UN approves probe into Islamic State crimes in IraqWorld September 21, 20:10
Russia’s Alrosa mined all-time largest pink diamond in its historyBusiness & Economy September 21, 20:07
Russia submits Zvyagintsev’s film Loveless for OscarsSociety & Culture September 21, 19:16
MOSCOW, June 19. /ITAR-TASS/. The months-long political crisis in Ukraine may trigger a further deterioration of the business climate and weakening of the Russian ruble in July-December, the Central Bank of Russia (CBR) said in a statement Wednesday.
“In case the Ukrainian crisis does not subside in the nearestv future, the Russian economy may see both direct and indirect negative consequences,” the authority said.
The possibility of trade collapse between the two countries, increasing risks for gas transit to Europe and possible sanctions extension by Brussels and Washington may scare off domestic and foreign investors from Russian assets, the CBR said.
In case the risks materialize, the Central Bank will employ anti-inflation policies, it said.
In May, the ruble exchange rate fall contributed 0.8% to the annual consumer price inflation (CPI) growth, the central bank said. The CPI stood at 7.6% in May.
According to the CBR’s forecast, the CPI increase will slow down in 2015-2016 and will manage to reach the target levels of 4.5% in 2015 and 4% in 2016.
The authority separately said in its report that citizens’ deposits growth slowed down to 10.5% as of June 1 compared to 18.1% as of the end of 2013.
The CBR attributes the decline in deposits’ rise to people’s fears that the central bank continues its harsh policies against banks involved in shady deals, and fears that authorities will limit dollar-denominated deposits. Russians have preferred to buy large batches of durable goods lately, waiting growing inflation, the central bank said.