Russia’s economy shrinks by 3.1% in 2020: official data

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Moscow, Feb 1 (AFP/APP):Russia’s economy contracted by 3.1 percent in 2020 owing to the coronavirus pandemic, the country’s statistics agency said Monday.

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The Rosstat statistics agency attributed the drop, which was less than in many European countries, to “restrictions imposed to combat the coronavirus and the fall in global demand for energy resources”.

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