FX.co ★ Moody’s: Russia to overcome crisis

According to Moody’s estimates, Russia is moving away from recession. Russian economy is seen to recover in the second half of this year, experts say. Its import substitution is bringing positive results. The agency focuses on three positive aspects that contributed to recovery of the country’s manufacturing activity. It cited positive changes in Russia that mean the country is moving away from recession. However, the process is expected to be long. Moody’s also said extension or tightening of sanctions would trigger negative reaction, but this should be expected. Experts claim the risk of tougher anti-Russian sanctions still persists.