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Saturday, October 22, 2016

The head of the EBRD: In the next year and a half, the Russian economy may begin to recover

The recession in the Russian economy could be growth over the course of 18 months, according to the President of the European Bank for reconstruction and development (EBRD) Suma Chakrabarti.

– I hope that the recession in the economy of the Russian Federation will end in the next 18 months. Now a very difficult time for Russia, – he said.

Suma Chakrabarti said that now the Russian economy is “going through a rough time” due to Western sanctions and falling oil prices. But the economists of the EBRD’s positive.

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