Western sanctions expected to last till 2017 – CBR

Western sanctions: Russia’s Central Bank today said that it anticipates the economic sanctions imposed by the West in the wake of events in Ukraine to remain in place until 2017. Because of the sanctions and falling oil prices, it is consequently  is expecting  Russia to experience zero economic growth in 2015 and only 0.1% in 2016. It also expects the weak rouble and the ban on EU food imports to fuel inflation this winter. The Moscow Times