According to Bloomberg forecasts, the Russian economy will continue going into a ‘steep dive’ in 2016. During 2015, Russia's GDP fell by 3.6%, but the negative trend will continue in the current year, as predicts another drop by 0.5%.

Bloomberg survey shows that the Russian Federation will take the 4th place among the worst economies in the world, after Greece, Brazil and Venezuela. Low oil prices, constituting 40% of the revenue of the Russian Federation, as well as the US and the EU sanctions will inflict a heavy toll on the Russian economy, being in a weakened state now.