'Russia's economy to shrink by 3% in 2015'
Russia`s economy minister Alexei Ulyukayev on Saturday forecast GDP to fall by three percent in 2015 on the back of a collapse in oil prices and a massive capital flight.
Jan 31, 2015, 22:16 PM ISTRussia attacks 'politically motivated' downgrade to junk rating
Moscow said S&P`s downgrade to `BB+` was motivated by the West`s current standoff with Russia over Ukraine.
Jan 28, 2015, 00:16 AM ISTRuble down around 5% against dollar on back of falling oil price
The Russian ruble on Tuesday plunged by around 5 percent against the dollar as global oil prices tumbled towards a six-year low.
Jan 13, 2015, 20:49 PM IST