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

Published Mon, Dec 28 20152:48 AM ESTUpdated Mon, Dec 28 20158:47 AM EST

Moscow, Russia is now a bargain for tourists as the ruble's value continues to collapse.

Yrui Kadobnov | AFP | Getty Images

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.