MOSCOW, March 26 (RIA Novosti) – The World Bank has designed two scenarios for the growth of the Russian economy in 2014 taking into account increased risks over the Crimean crisis.

The first variant is based on short-term influences of the events in Ukraine on Russia’s economy, and the second, threats of a serious shock and downturn of the gross domestic product (GDP).

“The scenario with a low level of risk presupposes that actions over the Crimean crisis will be limited and short-term and with a prognosis of a slowing economic growth to 1.1 percent in 2014 and a slight increase to 1.3 percent in 2015,” according to a World Bank report on the Russian economy published on Wednesday.