Russian economy shrinks 12 percent in April as coronavirus restrictions paralyzes business activities ...United Arab Emirates

Russia’s gross domestic product (GDP) fell by 12 percent year-on-year in April, when the countrywide non-working period to contain the spread of Covid-19 was in place. The steep decline eliminated the modest economic growth seen during the first three months of 2020, when the Russian economy expanded by 1.6 percent compared to the same period last year, according to the Ministry of Economic Development. Also on rt.com Most Russian companies face huge losses due to virus lockdown & have difficulty getting government aid Given the disappointing April resul

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