Russia sees recession if oil declines to US$60 a barrel
Thu, Nov 20, 2014 - 5:50 AM
Mr Siluanov says Russia will have to take a more strict approach to the budget and use all its crisis-fighting tools
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 exporter...