MOSCOW (AFP) – Russias economy shrank in November for the first time in five years, the government said Monday, illustrating the sharply changing fortunes of President Vladimir Putins rule as he faces falling oil prices and Western sanctions.The figures were the latest indication that Russia was sliding toward recession and potentially a deep one should oil prices remain low, presenting a major challenge to Putin amid his current showdown with the West.The economy ministry said gross domestic product for the month contracted by 0.5 percent year-on-year for the first time since October 2009.The ministry chalked up the negative growth to …read more
Source: Dunya TV
