17:39 - 11.08.2023

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The Central Bank of Russia says there will no changes in the geopolitical conditions and sanctions against Russia will remain in place by 2026.

ABC.AZ reports citing the bank that, according to the baseline scenario covering 2024-2026, the country's economy will achieve balanced growth of 1.5-2.5% annually.

The report also notes that in 2025 the price of Russian Urals oil will be $45 per barrel, which will mean a decrease in oil prices due to lower globalization.