Russia's economy will shrink by close to five percent this year, the European Bank for Reconstruction and Development (EBRD) forecast, while average growth for eastern Europe and the former Soviet Union will fall into negative territory for the first time since 2009.
Russia's War Against Ukraine
Financial Times: EBRD says Russian economy to shrink five percent
Russian Economy Minister Alexei Ulyukayev (C) speaks with journalists before a meeting of the State Council at the Kremlin in Moscow on Sept.18, 2014.
