Sanctions have had a less severe impact on Russia’s GDP growth than low oil prices, the International Monetary Fund (IMF) said in its latest report on the country.
Moscow Times: Impact of sanctions on Russia’s GDP less severe than low oil prices
(FILES) This file photo taken on April 11, 2019, shows the seal of the International Monetary Fund at IMF Headquarters in Washington, DC. - Global trade tensions and continued uncertainty are sapping the strength of the world economy, which faces a "precarious" 2020, the International Monetary Fund warned on July 23, 2019. Trade conflicts are undercutting investment, and the IMF urged countries not to use tariffs in place of negotiations. In its quarterly update of its World Economic Outlook the IMF trimmed the global forecast issued in April by 0.1 this year and next, with growth expected to hit 3.2 percent in 2019 and 3.5 percent in 2020. (Photo by MANDEL NGAN / AFP)
