Mainichi Daily News | Russian economy shrank 4.6 percent in Q2 on lower oil prices Mainichi Daily News The Russian economy is in recession for only the second time in President Vladimir Putin's 15 years in power as a result of the slump in oil prices, the country's main currency earner, and Western sanctions over Moscow's involvement in the crisis in ... Oil woes add to Putin's wall of worry Russia's economy shrinks by 4.6% on low oil prices, sanctions Russian GDP Shrinks 4.6% as Oil Slump Risks Deeper Recession |