Russian Central Bank
RT: Russian central bank estimates how long sanctions will last
Western restrictions targeting the country’s economy are not expected to be lifted until at least 2027, according to a forecast Western restrictions against the Russian economy won’t be lifted within the next several years, the Bank of Russia said in its monetary policy report, released on Tuesday.
The US and its allies targeted Russia with unprecedented economic sanctions in response to Moscow’s military operation in Ukraine. Due to these restrictions, Russia has effectively been deprived of the ability to conduct international transactions in dollars and euros, and has lost access to the Western banking system.
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WNU Editor: I think the Russian Central Bank's forecast of sanctions ending by 2027 is too optimistic. I can easily see these sanctions being in placed for a decade or two after the war in Ukraine is over. In the meantime the EU is planning for even more sanctions .... EU countries to debate of 12th package of Russia sanctions next week - officials (Reuters).