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Russia economy contracts by four percent in second quarter

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(Photo: AFP)
Russia's gross domestic product contracted by four percent in the second quarter compared with the same period a year earlier, as economic sanctions by the West take their toll on the economy, the national statistics agency said on Friday.اضافة اعلان

In the period from April to June, GDP "amounted to 96 percent of the level attained in the same period of 2021, preliminary estimates show", Rosstat said in a statement, publishing the first full quarterly data since Moscow launched its military offensive in Ukraine in late February.

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