Russian Economy Minister Alexei Ulyukayev stated his countryâ€™s expected rate of growth over the next two decades would be 2.5 percent. That pace is down from the 4 percent goal set by President Vladimir Putin and would trail global growth.Â This announcement could work to undermine Putinâ€™s power base as he continuously has promised to make Russia one of the top five economies in the world. Unfortunately for Putin, Russiaâ€™s financial future is chained to the price of oil, as itâ€™s the worldâ€™s largest producer. With the U.S. flooding the market with its cheaper shale oil, Russiaâ€™s $2-trillion economy has slowed sharply — a downturn that has coincided with Putinâ€™s returned to the Kremlin in May of 2012. Looking ahead, investors should keep a watchful eye on any Russia-related investments, since this forecast could mark the start of a long, hard road for Mother Russia.
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