Russia’s economy contracted further in the first quarter triggering a 5 per cent slide in the rouble, a day after president Vladimir Putin sought to reassure the nation that the worst of the crisis was over.
Financial Times: Russia’s economy shrinks 2-4 percent despite Putin’s positive spin
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A worker passes behind a transparent fence bearing an image of Red Square at a construction site outside the Kremlin in Moscow on April 7, 2015.