WB forecast: Ruble may devalue

11:41 - 15.03.2022


March 15, Fineko/abc.az. The sanctions imposed against Russia will have greater impact on the global economy than the situation in Ukraine.

ABC.AZ reports that WB president David Malpass has commented on the occasion of the impact of sanctions.

He added that the special operation in Ukraine leads to the fact that global GDP is facing a direct short-term impact.

At that, it is reported that restrictive measures against Russia will have bigger impact on this indicator.

"As a result of sanctions, the national currency of Russia, the ruble, may devalue, and this will have a bad effect on the population," Malpass stated.