MOSCOW (AFP) – Russias gross domestic product (GDP) fell 3.7 percent in 2015 as the countrys energy-dependent economy reeled from low oil prices, the state statistics agency said on Monday, citing preliminary data.The figure is in line with an earlier economy ministry estimate, cited by President Vladimir Putin at his annual press conference in December.Russian GDP increased by 0.6 percent in 2014.Russia — whose energy-reliant economy has already been pushed into recession by low oil prices and Western sanctions over Ukraine — has been rocked by the fresh fall in oil prices and officials have come under increasing pressure to …read more
Source: Dunya TV
