The Czech foreign Ministry: Russia will really feel the effects of punishment in 2015

Alexander Kuranov. Russia is in full force will feel the result of Western sanctions in 2015, according to a document of the Czech foreign Minister, who on the first day of the week will discuss at its meeting, the government of the Republic.

" Russia is in full force will feel the effects of sanctions from the US and the EU in 2015. But changes in the behavior of the capital of Russia towards Ukraine can be expected only in a longer time horizon " - quoted document online edition on Sunday.

" The most obvious manifestation of the current situation in the Russian Federation is the ruble devaluation, lack of access to financial markets and the maintenance of capital. Together with the decrease in oil prices this leads to synergies that much damage to the Russian economy ", - reported in circulation.

in the Czech foreign Ministry believe that the main result of punishment in combination with other factors, will be felt over the next year, when it will be possible to expect the further growth of inflation, real growth rate and the continuing care of foreign capital.

for reviews of the authors of the document, in connection with the prohibition of access to Western financial markets in Russia will slow down or stop the strategically important investment projects. With long-term effects of punishment and at the same time low prices for petroleum products will have the political dilemma: to support ineffective gasfirma or to undertake the necessary internal reforms and diversify the economy.

" The effects of punishment on changes in Russian policy towards Ukraine is unrealistic to wait earlier than in a long time horizon, " says the document and at the same time, it noted that " certain manifestations of change can already be seen.

The current problems of the Russian economy not only due to Western sanctions: a significant role is in long-term structural problems of the national economy caused by the emphasis on the extraction and export of raw materials, as well as the loss of confidence in the Russian partner, the authors report.


sections: Politics