Poverty to rise in Russia, World Bank says

April 1, 2015 12:58 PM

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Poverty to rise in Russia, World Bank says

Low price of oil and sanctions pressure spell trouble for Russia.

The World Bank in a report said Russia's mid-term economic prospects are likely to be clouded by the dual strains of a sustained bear market for crude oil and lingering sanctions pressure.

Also read: EU: on track to meet 2020 targets on renewables, emissions

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