Russian Economic System Recovering Nicely But Still Wishes Surgical Operation

Over the next few years, the IMF expects Russia’s economy to grow by about 1.5%.
Russia’s economy is on the mend.
Economic sanctions imposed by Western governments as punishment for Russia taking control of Ukraine’s Crimea region dealt the economy another blow.
Russia is heavily dependent on oil exports and was hit hard when crude prices started to crash in 2014.
The country is recovering nicely from a recession and should see economic growth of 1.4% this year, according to a new report by the International Monetary Fund.

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