Salient to Investors:

Alexei Kudrin at Sberbank said:

  • The conflict in Ukraine will take  2 to 3 years at a minimum to resolve
  • Russia’s current level of investment is insufficient for development and maintaining growth above 1%.
  • Growth will near zero or even negative, primarily because of the lack of investments.
  • At the current level of sanctions,  Russia’s economy risks zero growth or contraction in the next 2 or 3 years  – a slump of 5% is possible within a year if Russia is cut off from the SWIFT banking transaction system.
  • The ruble will remain volatile and hold near its present level against the dollar for a year.

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