Russians are struggling to make ends meet, as its economy continues to be pulled downward by the declining oil price and high inflation.
Russia's central bank has cut its key interest rate again as inflation hits a record low. The nation is struggling to pick up speed after a drawn-out recession, with a lack of structural reforms making recovery volatile.
The Russian energy minister has called for greater discipline among the main oil exporters in cutting output. The goal - raising crude prices - is dear to Kremlin hearts with elections up in 2018.
Oil prices have rocketed after a group of non-OPEC countries agreed to huge cuts in crude oil production. The move also saw the stocks of major energy firms rising sharply during trading on stock exchanges in Asia.
With its latest decisions, the US Senate has given new impetus to the sanctions game between Russia and the West. But economics expert Daniel Gros tells DW how Russia's sanctions on the EU have failed to make an impact.
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