- Risks of existing foreign trade and financial restrictions escalated further, which will strengthen the adverse impact of supply shocks associated with them
According to TASS, Russia's state-owned news agency article published on October 19, 2022, the main negative effect for the national economy from external constraints in the oil sector will appear in 2023, the Bank of Russia said on Wednesday.
"The main adverse effect of external restrictions in the oil sector and for supplies of investment and high-technology goods is likely to be in the future. They will manifest by the end of this year and largely in 2023. The transition of the Russian economy to sustainable growth will hardly take place before that time," Central Bank experts said.
Risks of existing foreign trade and financial restrictions escalated further, which will strengthen the adverse impact of supply shocks associated with them, analysts said.
