NEWSWATCH: “Western sanctions and languid Russian economy; Stringent international sanctions imposed on Russia for its role in the Ukraine conflict have sucked the momentum out of the Russian economy over the past couple of years. The nation’s growth prospects remain lethargic.” – Deutsche Welle/ Srinivas Mazumdaru

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Talks between … #Merkel and … #Putin … focused mainly on geopolitical and security problems, such as … #Ukraine and #Syria. … [they] did not explicitly bring up … #sanctions at the press conference … with the #German chancellor simply saying she hoped some of the sanctions could be lifted if Moscow helped make significant progress in implementing the Minsk peace plan. * * * The sanctions have dented the #Russian economy, which has also had to contend with the dramatic dip in crude prices …. Once hailed as a star performer among emerging economies, Russia is now struggling to come out of recession and post even puny growth. … the number of Russians living in poverty has been ticking upward, reaching as high as nearly 20 million or over 13 percent of the population last year, according to the government’s statistics agency Rosstat.  But Russian officials forecast a reversal in fortunes this year …. Some market analysts are less sanguine about the growth outlook. …

Click here for : “Western sanctions and languid Russian economy; Stringent international sanctions imposed on Russia for its role in the Ukraine conflict have sucked the momentum out of the Russian economy over the past couple of years. The nation’s growth prospects remain lethargic.” – Deutsche Welle/ Srinivas Mazumdaru