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Russian GDP down 4% y/y in November: Econ Ministry

Moscow, Russia is now a bargain for tourists as the ruble's value continues to collapse.
Yrui Kadobnov | AFP | Getty Images
Moscow, Russia is now a bargain for tourists as the ruble's value continues to collapse.

Russia's gross domestic product fell by 4.0 percent in November compared with a year earlier, the economy ministry said in a report on Monday.

The figure compares with a 3.7 percent decline in October.