Growth will come back to Russia as soon as 2016

By sending troops to Syria, Russia has imposed itself in just 3 months as the most influential country in the Middle East, at least for the medium term, and hopes the setting up of an anti-ISIS joint military command staff with France in spite of the United States’ refusal to participate. In addition to diplomatic advances, the Russian government expects more good news about its national economy.

“The recession of the Russian economy is over,” said Economy Minister Alexey Ulyukaev. If Russia’s GDP growth decreases 3.7%-3.9% this year (2015), the World Bank forecasts that it should grow 0.7% in 2016 and 2.5% in 2017. According to Russian sources, nobody worries about any continuation of the economic recession. “All our efforts currently consist of showing the European Union (EU) that renewing economic sanctions against Russia is not only counter-productive but also harms the EU economy,” one source explained.