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Russia Is On The Dawn of a Prolonged Recession

According to the World Bank’s latest Russian Economic Report, Russian investment is set to contract for the second year in a row. With capital expensive and demand dubious, private investors are cutting back as a restricted budget has forced the Russian government to delay several large infrastructure projects such as a building highways in Crimea.

Expected to contract by 3.8% in 2015 and 0.3% in…