mo4ch:>Russia’s economy expands despite sanctions – World Bank | Mo4ch News

The growth rate of the Russian economy increased last year, while inflation remained low, the World Bank said in its 2019 World Economic Outlook.“Although economic sanctions tightened, Russia experienced relatively low and stable inflation and increased oil production. As a result of robust domestic activity, the Russian economy expanded at a 1.6 percent pace in the year just ended,” said the report.Also on rt.comRussia’s $75 trillion in resources is why sanctions are impossibleThe World Bank pointed out that Russia and other oil exporters “maintained steady growth in 2018, supported by a rise in oil prices.”In Russia, “growth has been resilient, supported by private consumption and exports,” the bank said, projecting a short-term slowdown this year to 1.5 percent.READ MORE:Putin calls for common dollar-less payment system as key for economic sovereigntyIn 2020 and 2021, the bank expects an increase in the growth rate of Russia’s GDP to 1.8 percent.Also on rt.comMore sanctions please:…