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Russian Outlook Dim Even If Sanctions End Early, World Bank Says

  • World Bank sees `limited and short-lived' impact on Russia
  • Economy is in longest recession in two decades after oil crash

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.”