Russian Economy Slump: Russian GDP to drop by 0.2% in 2015

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18.09.2014
ua_today
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The Russian economy is set to decline next year according to the EBRD - a London-based development bank which for years has worked with countries from the former Soviet bloc.

The EBRD said that Russia's GDP will slide by 0.2% in 2015 and that their economy will flat line this year.

Moscow has faced Western sanctions on its defence, energy and finance sectors due to its war against Ukraine. As a result, Russian companies are going bankrupt, the Ruble has crashed to an all-time low and prices are soaring due to a Kremlin import ban on EU food.

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Кличко. Трейлер (EN)
02:33
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