: :inin Kyiv (EET)

Oil dims Russia’s outlook


For an economy that lives and dies by crude prices, the latest downturn in the world oil market means Russia’s recession may stretch into next year for the longest slump in two decades. |||

Moscow – For an economy that lives and dies by crude prices, the latest downturn in the world oil market means Russia’s recession may stretch into next year for the longest slump in two decades.
Russia’s first economic slump since 2009 looked like it would plateau as oil gained 40 percent from a six-month low in January.
Crude’s recovery has faltered in recent weeks, …read more

Source: Independent Online

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