Russia’s economic recovery will take longer than previously forecast, and an early end of sanctions would provide only a “limited and short-lived” boost to growth, according to the World Bank.
“Due to a continually adverse external environment, Russia’s journey to recovery will be long and difficult,” the Washington-based lender said in a report on Wednesday. “The removal of economic sanctions is projected to boost investment, though this will have a relatively modest impact during the forecast horizon due to Russia’s limited growth potential.”
