The European Bank of Reconstruction and Development (EBRD) has decreased the Russia’s GDP forecast for 2013 from 3.1% to 2.2%. This is in line with the estimation of the Russian Ministry of Economics that now discusses a growth rate of only 2.4%, the main reason for the decrease is the low level of exports and low foreign investments. However, the International Monetary Fund (IMF) is more optimistic and expects Russian GDP to grow by 3.3% in 2013.