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Quotes from Danske Bank:
-As Bank Rossii has tightened its monetary policy in response to supporting the RUB's rapid devaluation caused by geopolitical fears, we expect the demand-side shock to hit private consumption and investment by local corporations. Yet, we expect private consumption growth to slow down to 1.2% y/y in 2014 and fall 2.2% y/y in 2015.
