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Ukrainian American Bar Association

World Bank warns of risks for Russia's economy

27 Mar 2014 9:32 PM | Anonymous
The World Bank warned Wednesday that Russia's economy could contract this year if the country is hit with more serious sanctions following its annexation of Crimea. The organization said in its annual report that it expects the Russian economy to grow 1.1 percent this year if the fall-out from the Crimean crisis is short-lived, but warned of a 1.8 percent fall if Russia is hit with more serious sanctions than those already specified.    Yahoo. Read More 
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