Dubai-Mubasher: Russia's economy contracted by 3.7% in the first 10 months of 2015, data from the Economy Ministry showed Friday.
The oil-dependent economy also shrank by 3.7% in October alone, compared with a year ago.
Hit by the plunging oil prices and Western-imposed sanctions, Russia's economy is likely to contract by 3.7% this year, the ministry recently said.
Source:
Mubasher