Central Bank warned of new shock for Russian economy

The ceiling of prices for Russian oil and the ban on sea export of Russian oil and oil products to Europe will be a new shock for the Russian economy, RBC writes with reference to the Bulletin of the Department of Research and Predicting of the Central Bank.

“Of the new economic shocks that are capable of reducing the level of economic activity in the coming months, a ban on the sea export of Russian oil and oil products to Europe and the introduction of a ceiling of prices for Russian oil that is being included in virtue,” experts of the Russian Central Bank. P>

At present, according to their data, the level of economic activity in Russia after a strong decrease in the second quarter is stable, although the industry dynamics remains heterogeneous due to geopolitical shifts.

The ceiling of prices for Russian oil at $ 60 per barrel and the EU embargo for the supply of Russian oil entered into force on December 5th.