Russia recession weakens

moscow - The Russian economy in the first quarter of this year, significantly less than contracted in the final three months of last year. According to figures that brought the Russian statistics agency Monday outside.

The contraction was 1.2 percent compared with a year earlier, while in the previous period still showed a decline of 3.8 percent. The figures were better than economists had expected and the government itself. The weaker decline is due in part to the Russian industry and retail sector performed less badly than last year.

Russia as a major oil producer suffered from the sharp fall in oil prices, but the price of oil is now back up nice scribbled. However sigh land still under Western sanctions because of Russian aggression and meddling in neighboring Ukraine.
  
    
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The Russian ruble is also on the rise, following the sharp fall in prices earlier. In order to tackle the economic crisis and the sanctions the head, Moscow stimulates production domestically to depend so fewer imports. The economy must be made more efficient, according to the Kremlin.

The Ministry of Economy expects this year to a contraction of the Russian economy by 0.2 percent, following a decline of 3.7 percent in 2015. The Russian central bank expects economic decline by 1.5 percent this year.