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Home > IMF Podcasts > Russia Feeling The Pinch of Cheaper Oil, Sanctions
Podcast: IMF Podcasts
Episode:

Russia Feeling The Pinch of Cheaper Oil, Sanctions
Category: Business
Duration: 00:08:10
Publish Date: 2015-08-06 11:08:04
Description: Russia is now likely in recession with GDP growth expected to decline 3.4 percent this year, says the IMF in its annual economic assessment. Mission Chief Ernesto Ramirez Rigo, explains how Russia’s economic woes are largely due to the dramatic drop in oil prices, and sanctions in response to developments in Crimea and Ukraine.
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