Russia's once-booming economy has been struggling and its currency, the ruble, weakened dramatically against the dollar, however Russia will slowly recover in the coming year but cheap oil and sanctions continue to weigh on the country's economic.
Russia's economy is expected to contract by 3.4 percent in 2015, "although growth should return in 2016,". The country's recovery next year would be supported by the ruble's more competitive exchange rate, increasing external demand and normalization of domestic financial conditions.
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