NEW YORK (QHA) -

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 bloomberg.com 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.

Photo: bloomberg.com

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