2015 was a very bad year for Russia. Vital oil revenues collapsed and the economy plunged into a deep recession. The ruble has lost 17% against the dollar.
President Vladimir Putin has told Russians the worst of the economic crisis is now over, but economic indicators point to a different reality: Russian GDP, industrial production and retail sales keep dropping. Still, the ruble is doing better than last year, when it lost 41% against the dollar.
Related: Russia is bracing for $30 oil in 2016
