Russia faces GDP decline of 7.9 percent this year, World Bank says

MOSCOW — Russia’s economy will shrink by 7.9 percent this year, plunging millions of Russians into poverty and pushing the unemployment rate to 13 percent, the World Bank said Wednesday.

No signs of recovery as Russia’s GDP plunges by 11 percent in May

MOSCOW — Russia’s economic downturn showed no signs of slowing in May, with preliminary figures released Tuesday revealing an 11 percent annual contraction in the economy during the month.

Unemployment in Russia drops for 1st time since Sept amid signs the economy is stabilizing

MOSCOW — Russia’s economic decline may be nearing a bottom, with unemployment dropping for the first time since September and investment and retail sales rising in May, economic data showed Friday.

Russia’s industrial output drops massive 17 percent in May despite govt reassurances

MOSCOW — Russia’s industrial production plummeted 17 percent in May, the government said Tuesday, further evidence that the country’s economy is still nowhere near stabilizing, let alone recovering.