The central bank warned that risks of rising prices remained in certain categories of goods, though core inflation was decelerating.

Placing a major new plant in Mariupol would provide a big boost to the town, a key forepost in the Donbass conflict and scene of major shelling in early 2015.

Europe and Central Asia's economy is forecast to expand 3.9 percent in 2021, stronger than previously forecast, the World Bank said.