- Russia’s economy contracted the most since 2009 last year as the price of oil sank and sanctions over the conflict in Ukraine curbed access to international financing.
- According to preliminary estimates, gross domestic product fell 3.7% after growth of 0.6% in 2014.
- "The economy’s going through big adjustments - it's still addicted to oil," said Vladimir Miklashevsky, a strategist at Danske Bank A/S. "The weak ruble and import substitution will continue to support local production, although...it's a long journey to recovery."
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