OREANDA-NEWS  Sanctions against Russia will be in effect at least until 2026, follows from the forecast of the Bank of Russia, laid down in the draft of the Main Directions of the unified state monetary policy for 2024 and the period 2025 and 2026. The document is published on the regulator's website.

When planning monetary policy, the Bank of Russia is considering two alternative development scenarios. The first scenario is associated with an increase in sanctions pressure on the Russian economy and increased fragmentation of the world economy. The second scenario, conventionally called "risky" in the document, additionally takes into account the possible deterioration of the situation in the financial sector and does not exclude a global financial crisis.

In the baseline scenario, the Central Bank expects that the economy will return to a balanced growth trajectory of 1.5-2.5% by 2026. At the same time, beyond the forecast horizon, the growth of the Russian economy may accelerate due to the formation of new production relationships, advanced training of the workforce and the commissioning of new means of production, the document notes.