Low oil prices and sanctions imposed on Moscow over Ukraine will send the Russian economy into recession next year, government officials said on Tuesday, a dramatic change to an earlier forecast of 1.2 percent gross domestic product growth.
Russia expects recession in 2015 as sanctions, oil prices bite | Reuters
In the first official forecast of a recession, Deputy Economy Minister Alexei Vedev said
"We now assume that sanctions will remain in place throughout the whole of 2015," Vedev told reporters. Earlier, the ministry had expected sanctions to be lifted by mid-2015. "This for us means closed capital markets for the majority of Russian companies and banks."
stand-by for a dumbfuck russian to say a recession doesn't hurt average citizens.
ahahahahahah.