Morgan Stanley thinks Russia's doomedMorgan Stanley has a short message for Russia: you’re doomed. This past week hasn’t been easy for the Russian economy: on Thursday, the EU foreign ministers decided to extend the sanctions on Russia by six months. Additionally, the Central Bank slashed interest rates to 15% down from 17% after the economy deteriorated following the rate hike in December. But Morgan Stanley is forecasting a pretty scary forecast for the future too. “We downgrade 2015 growth from -1.7%Y to -5.6%Y and revise our 2016 growth from a mild (0.8%Y) recovery to a 2.5%Y recession,” writes Morgan Stanley’s Alina Slyusarchuk. “The key new assumption that triggers the revision is the signifcantly weaker oil price, combined with a tighter policy response. At the same time, we see risks to our call as being titled to the downside, given the enhanced risk of further sanctions, and concerns over increased state control over the economy.” More