Russian economy decreases 3.7 percent


(MENAFN) Russia's state statistics proclaimed the country's economy drop by 3.7 percent last year compared with 2014.

Moreover, the nation's economy has spread out due of Western sanctions linked to the annexation of Crimea.

Additionally, the country's economic output in 2015 valued USD 1.2tr and the hardest-hit sectors were wholesale and retail.

On the other hand it reached 10 percent year-on-year decline and construction, down 7.4 percent.


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