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03/12/2014 Russia admits its heading into recession, in unusual move


IMF Says Russia in Recession amid Sanctions


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Russia faces recession threat


Russian government warns of recession

The Russian government said the economy will contract by 0.8% in 2015. The country revised its 2015 budget based on a lower value for the ruble and oil trading at $80 per barrel, compared to its previous assumption that oil will be trading at $100 barrel next year.
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