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   Pressured by the western sanctions and the lower oil prices, Russian economy shows more signs of weakness. Real wages and personal incomes at the end of 2014 fell year over year for the first time since 2009. Investments continue to fall for 12 consecutive months. Russian international reserves are lower than during the global financial crisis 2008-09. Rised interest rates makes more difficult to make credit payments, overdues reached new historical highs.

   Revised forecasts for Russian GDP in 2015 are -3.0% and -2.9% (IMF and The World Bank, accordingly).

Source: Short-term indicators for Russian economy, January 2015

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