Klepach: punishment EU against Russia have the opportunity to last more than six months
Punishment of the EU against Russia have the opportunity to last more than six months, but Russia has the ability to get the economy out of recession, says the Deputy Chairman of Vnesheconombank Andrei Klepach, who was responsible before the Ministry of economic development issues of macroeconomics.

Punishment of the EU against Russia have the opportunity to last more than six months, but Russia Has the ability to get the economy out of recession, says the Deputy Chairman of Vnesheconombank Andrei Klepach, who was responsible before the Ministry of economic development issues of macroeconomics.
"I think the punishment will last for six months, and much longer. There are various estimates of the scale of losses. More importantly, we have the opportunity to emerge from the recession that currently exists and to significantly increase the rate of increase for 2016. This requires overcoming investment fall, " said Klepach reporters Thursday on the sidelines of SPIEF.
Klepach explained that emerge from the economic downturn may be, for example, by changing the conditions of crediting of investment projects." and among them, the most preferential rate, possible long-term refinancing, " he made the initiative, adding that this refers to the rate of 9% or below.
before Reuters referring to the sources has informed that the permanent Plenipotentiaries of the member countries of the EU approved the extension of economic sanctions against Russia by six months until the end of January 2016. A source close to the leadership of the EU, told Last news that a formal opinion on the extension of the economic sanctions of the EU against Russia will be made on the first day of the week, June 22, at the Council of EU foreign Ministers.
Relations between Russia and the West deteriorated in connection with the situation in Ukraine. At the end of July 2014, the EU and the US imposed penalties against a number of sectors of the Russian economy. In response, Russia restricted imports of food items from countries that have entered against her punishment: USA, EU, Canada, Australia and Norway.