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Russia sees recession if oil declines to US$60 a barrel

Published Wed, Nov 19, 2014 · 09:50 PM

Singapore

RUSSIA'S economy will sink into a recession next year if the price of oil slumps to US$60 a barrel and the United States and its allies tighten sanctions over the conflict in Ukraine, Finance Minister Anton Siluanov said.

The economy of the world's largest energy exp…

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