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Russian economy to see positive growth in 2016

Russia is expected to see a positive growth of 2.3 percent in its economy next year, a leading Russian official has said.

Crimea takeover to cost Russia $200 bn: Ex-minister

The fallout from the annexation of Crimea will cost Russia`s economy up to $200 billion over the next few years, a former finance minister said on Tuesday.

Russia's GDP growth slumps to 1.6%

In April, the ministry reduced its annual GDP forecast from 3.6 percent to 2.4 percent.