Russian Economy Slows Amid Crisis 04/16 06:16
MOSCOW (AP) --- Russia's economy minister says growth slowed to 0.8 percent
in the first quarter due to uncertainty over the crisis in Ukraine.
Alexei Ulyukayev told parliament Wednesday that the situation had worsened
because of "the acute international situation of the past two months," as well
as "serious capital flight." More capital left the country in the first three
months of 2014 than in all of 2013.
The figure fell far short of the ministry's earlier prediction of 2.5
Russian markets have been rattled by tensions between Moscow and neighboring
Ukraine, where Russia annexed the Black Sea region of Crimea in March. Ukraine
has accused Russia of supporting armed militants in the country's east, where
pro-Russian activists have seized government buildings and police stations.