JRL NEWSWATCH: “Moody’s says effect of recent sanctions will be limited” – Bear Market Brief BMB Russia

Cash, Calculator, Pen

“A new Moody’s report says … U.S. sanctions imposed on Russia … in response to the Skripal poisoning will have little effect [on] the economy. New sanctions to come in the fall, however, could aggravate the structural limitations of Russian growth and lead to problems with bank financing. … Loose monetary policy will likely to be the first casualty, with the central bank potentially raising interest rates to curb rising inflation forecasts and a weakening ruble. … should Congress enact harsh sanctions on Russia this fall … medium-term growth will remain constrained by structural factors such as chronic investment shortages, dependence on the oil and gas sector, and high levels of poverty and inequality.”

Click here for entire archived e-mail newsletter, scroll down for: “Moody’s says effect of recent sanctions will be limited” – Bear Market Brief BMB Russia

 

Comment