: :inin Kyiv (EET)

Putin: Russia has climbed out of recession


The Russian economy had plunged into recession under the impact of a drop in global oil prices and Western sanctions imposed on Moscow over its annexation of Ukraine’s Crimean Peninsula and support for pro-Russia insurgents in eastern Ukraine.

Putin acknowledged that the Russian economy hasn’t yet shed its dependence on exports of raw materials, but noted that non-energy exports have been growing. …read more

Source: San Francisco Chronicle

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