New sanctions on Russia could 'seriously' impact growth: Minister
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MOSCOWJun 28, 2014 - 12:00 am GMT+3
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Jun 28, 2014 12:00 am
A new round of Western sanctions on Russia over the crisis in Ukraine could seriously impact the already stalled economy, Economy Minister Alexei Ulyukayev said Saturday.
Russia has prepared three scenarios in the event of tougher economic sanctions and in the worst case "economic growth rates go seriously into the negative," he was quoted as telling the Rossiya channel.
"Investment rates go into more negative territory, incomes decrease, inflation grows, state reserves shrink," he added.
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