Low oil and gas prices, geopolitical tensions and ongoing international sanctions deepen recession in Russia. Growth outlook for Russia in 2015-2016 is negative, with the economy expected to contract by 3.8% in 2015.
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October 27, 2015 — This year Russia was ranked 51st out of 189 measured economies, which confirms the positive tendency of the past 4 years and that Russia maintained a strong reform momentum.
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