NEWSWATCH: “Russia’s economy grows at $40 per barrel oil; Russia’s Central Bank last week said appetite was low for an increase in lending rates” – UPI/Daniel J. Graeber

Elvira Nabiullina file photo

The Russian economy will be on the positive side of growth even if the price of crude oil falls to $40 per barrel … [Central Bank Gov. Elvira Nabiullina] said. … The number of economic sectors expected to expand this year is not much greater than those in contraction, but losers are outnumbered. Much … depends on the price of crude oil …. A November forecast from the International Monetary Fund found the Russian economy had absorbed the shocks from the dual strains of lower crude oil prices and sanctions …. Russia’s Central Bank [Board of Directors] said Friday they were keeping their key rate unchanged at 10 percent … Nabiullina said the rate of inflation is expected to be close to its low-end outlook of around 5.5 percent ….

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[featured image is file photo from different occasion]