You're reading: Radio Free Europe/Radio Liberty: Russian economy contracts 0.5 percent in first quarter

 The Russian economy shrank by 0.5 percent in the first quarter of 2014 compared to the final three months of last year. Economy Minister Aleksei Ulyukayev said on April 16 in the State Duma that the Russian economy did grow by 0.8 percent in the January-March period compared to the same period in 2013.

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