OPEC has no objections to speed of Russia's oil production cutsBusiness & Economy March 25, 12:38
Opposition leader Vladimir Neklyayev detained in Belarus - news agency directorWorld March 25, 5:33
Russia submits amicus curiae brief to US Supreme CourtRussian Politics & Diplomacy March 25, 3:34
Russia, China suggest for UN SC to adopt resolution on chemical terrorism threatRussian Politics & Diplomacy March 25, 3:23
Russian lawmaker compares European Union to Soviet UnionRussian Politics & Diplomacy March 25, 3:16
Russian emergencies ministry says fire at Kazan’s gunpowder factory fully extinguishedWorld March 25, 3:01
Relations btw US, Russia worst over half-century - Lukin quoting KissingerRussian Politics & Diplomacy March 25, 2:58
Russia suggests setting up international coalition for demining operations in SyriaRussian Politics & Diplomacy March 25, 1:08
One person dies in fire at gunpowder factory in Russia's KazanWorld March 24, 21:47
MOSCOW, April 7. /TASS/. The probability of growth resumption in the Russian economy is low in coming months, the Bank of Russia said on Thursday in its trends research report.
"Russian looking-forward indicators of business activity show low probability of sustainable growth resumption in the economy in coming months, despite gradual recovery of the economy from the winter collapse of oil prices," the report says.
Production dynamics shows the economy is more resistant to the oil prices drop, the regulator said.
"Risks of a new turn of recession did not become true. Structural changes favoring the tradeable sector are taking place at the level of individual sectors and production facilities and production output growth is noted," the Central Bank said.
Russia’s GDP declined 1.6% year-on-year in January - February 2016.