Angela Merkel’s visit to Moscow – pragmatism above all elseRussian Politics & Diplomacy April 27, 19:18
Putin, Abe call for quickest restart of talks on Korean settlementRussian Politics & Diplomacy April 27, 18:32
Russian diplomat accuses White Helmets of supporting terrorismRussian Politics & Diplomacy April 27, 17:54
Putin's spokesman warns against attempts to hold unauthorized rallies in MoscowRussian Politics & Diplomacy April 27, 16:43
Russian Foreign Ministry says situation on Korean Peninsula is degradingRussian Politics & Diplomacy April 27, 16:42
Moscow outraged by Macron team’s refusal to give accreditation to Russian mediaRussian Politics & Diplomacy April 27, 16:41
Moscow condemns Israeli airstrike near Damascus airportRussian Politics & Diplomacy April 27, 16:30
Kremlin believes political resolve will eventually produce Russia-Japan peace dealRussian Politics & Diplomacy April 27, 16:21
Kremlin rejects reports of St. Petersburg iconic cathedral transfer approved by presidentRussian Politics & Diplomacy April 27, 16:15
Russia’s previous macro-economic forecast prepared in autumn was based on the assumption that the sanctions would be lifted in 2015, Ulyukayev said.
The European Council made a decision on sanctions against Russia for a term of twelve months and therefore Russia’s Economic Development Ministry presumed in its previous forecast that this decision may not be extended, Ulyukayev said.
“But hypothetically this decision may be extended. And now we must presume in our calculations that the sanctions regime will last in 2015, 2016 and 2017. But this is already the problem of medium-term planning,” Ulyukayev said.Russia’s Economic Development Ministry unveiled last week its updated macroeconomic forecast based on the assumption that western sanctions against Russia would last throughout 2015. The previous forecast presumed that the sanctions would be lifted in mid-2015.
Owing to the western sanctions, a fall in world oil prices and investor uncertainty, Russia’s Economic Development Ministry expects the country’s GDP to fall by 0.8% in 2015 as compared with its growth by 1.2% in the previous forecast.
At the same time, the ministry raised the GDP growth forecast for 2014 to 0.6% from 0.5% in the previous forecast.