Russian economy reviving faster than expected as Moscow opts against another Covid lockdown

A crucial decision by Moscow not to impose further anti-Covid restrictions has reportedly helped Russia’s economy to continue rebounding from the recession it saw in the fourth quarter of last year. Lighter Covid-19 restrictions following the initial total lockdown secured the necessary support for the economy of the world’s biggest energy exporter, which managed to decline less than many of its peers did in 2020. The nation’s gross domestic product (GDP) contracted 1.8% from October through December against the same period in the previous year, the Federal Statistics Service reported Thursday. Also on rt.co

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