Bank of Russia: country's GDP decline will be mild
21 January 2015
After low stabilization of its currency, Russia faces a GDP decline in 2015, says the First Deputy Governor of the Bank of Russia. But this should be milder than in 2008/09 during the country’s significant recession, predicts Ksenia Yudaeva. Speaking at the side of the Asian Financial Forum, Ms Yudaeva also says this is the right time for greater investment between Russia and Asia, with Hong Kong as a centre for huge business potential.