The World Bank bases most of its projections on the Russian economy on assumptions that the economic sanctions imposed against Russia will stay in force until 2018, according to the World Bank’s updated Russia Economic Report published Wednesday. Only one scenario (baseline) implies that economic sanctions will be lifted in 2017.
"An alternative baseline scenario combines the baseline oil-price forecast with the projection assumption that economic sanctions would be lifted as early as 2017, while all other scenarios assume that economic sanctions would remain in place until 2018," the report said.
First published by TASS.
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