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Moscow
Wednesday, June 29, 2022
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SANCTIONS CONTEXT

CURRENCY EXCHANGE RATES

RUB - Russian Ruble
EUR
60.9451
USD
58.3750

LATEST MARKET STUDY

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IMF’s forecasts of Russian and global GDP revised under the impact of sanctions

The International Monetary Fund has downgraded its forecast for global economic growth in 2022 to 3.6%, from the previous 4.4%. At the same time, Russia’s GDP is expected to decline by 8.5% instead of growing by 2.8%; in 2023, a decline of 2.3% is forecasted, instead of the previously expected growth of 2.1%.

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