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Russian Finance Ministry Sees GDP Falling

Russia's economy is likely to shrink in the second quarter of 2014, which would be the second quarter of contraction in succession, state-run news agency RIA reported on Tuesday. It quoted Maxim Oreshkin, director of the ministry'slong-term planning department, as saying output of electricity, freight transport and gas production had been weak in April and that business activity indicators did not give reason foroptimism. "Everything points to GDP for the second quarter...

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