The Guardian | Russia's GDP falls 3.7% as sanctions and low oil price take effect The Guardian Russia's economy has recorded its steepest decline in gross domestic product since 2009 as the slumping oil price and international sanctions take their toll. The fall of 3.7% comes as the Brent crude price hovers around $30 (£21) a barrel and the ... Russian economy hit by oil price slide Russian Oil: Output Grows as Prospects Shrink Russian economy in turmoil as Putin is battered by falling oil price and sanctions |