The World Bank warned that Russia's economy could suffer a contraction of up to if the crisis that arose as a result of the annexation of the Crimea region deepens. The report published by the World Bank indicates that an intensification of the political tension could generate greater economic uncertainty and further reduce confidence and the economic activities of investors. "The World Bank has developed two scenarios for Russia. Prospects depend widely on the recovery of confidence of entrepreneurs and consumers and geopolitical risks indicates the institution, which in the worst case also foresees a contraction of percent in 2015. However,…
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