Russia’s economy has shrank for the first time in five years, as sliding oil prices and sanctions over Ukraine take their toll. |||
Moscow – Russia’s economy shrank in November for the first time in five years, the government said on Monday, as sliding oil prices and Western sanctions over Ukraine take their toll.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 a slowdown in a number of sectors including services, agriculture, extraction of mineral resources …read more
Source: Independent Online
