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Russian Central Bank keeps forecast of sanctions regime to last until 2018

June 15, 2015, 18:09 UTC+3 MOSCOW
The United Stated and the European Union started imposing sanctions against Russia over its stance on developments in neighboring Ukraine from March 2014
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Central Bank chief Elvira Nabiullina

Central Bank chief Elvira Nabiullina

© Stanislav Krasilnikov/TASS

MOSCOW, June 15. /TASS/. Russia’s Central Bank has kept unchanged its forecast that Western sanctions against Moscow will persist until 2018, Central Bank Governor Elvira Nabiullina said on Monday.

"In our forecast, we proceed from the assumption that the financial sanctions against Russia will persist," the Central Bank chief said.

The United Stated and the European Union started imposing sanctions against Russia over its stance on developments in neighboring Ukraine from March 2014.

On July 31, 2014, the European Union imposed the first package of economic sectoral sanctions against Russia’s key companies in the banking, oil and defense sectors for a term of one year. The EU is to decide until late July this year on the sanctions extension.

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