Russia’s anticipated economic recovery was delayed. In 2015 the Russian economy began its difficult adjustment to the severe global oil-price shock and the imposition of economic sanctions in 2014. The impact of these twin shocks drove Russia’s economy in to a deep recession, which reached its nadir in the second quarter of 2015. Following a brief rally early in the year, a further decline in global oil prices in August 2015 derailed an anticipated...
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Document also available in :
Russian
DETAILS
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2016/04/01
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Working Paper (Numbered Series)
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104825
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1
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1
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2016/06/15
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Disclosed
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Russia economic report : The long journey to recovery
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oil price
Citation
Russia economic report : The long journey to recovery (English). Russia Economic Report|no. 35 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/657991467989516696