Russian Central Bank says Ukrainian crisis might weaken the rubleIf the Ukrainian crisis continues, it can lead to the weakening of the ruble and cause negative impact on the Russian economy, the report the Russian Central Bank reads. "In addition to potential losses from the decrease in trade turnover and higher risks associated with the transit of Russian gas to Europe, the situation can give rise to expectations among the U.S. and the E.U. of expanding sanctions against Russia," RIA Novosti quotes the report. The report also notes the decrease in investments as a potential risk.
If the Ukrainian crisis continues, it can lead to the weakening of the ruble and cause negative impact on the Russian economy, the report the Russian Central Bank reads.
"In addition to potential losses from the decrease in trade turnover and higher risks associated with the transit of Russian gas to Europe, the situation can give rise to expectations among the U.S. and the E.U. of expanding sanctions against Russia," RIA Novosti quotes the report.
The report also notes the decrease in investments as a potential risk.
