Economic decline has reached its peak and Russia is adapting to the new climate of low crude oil prices and sanctions pressures, President Putin said. “We have generally reached the peak of the crisis and overall our economy is gradually adapting to these new economic circumstances” Russian President Vladimir Putin said at an investment conference in Moscow . “Not all of it, but generally, it has adapted.” The Russian economy teetered on the brink of recession when entering fiscal year 2015. The International Monetary Fund warned in its latest economic forecast Russia’s economy may be in for a prolonged contraction. “In Russia, the economy is expected to contract by 3.8 percent this year, reflecting the interaction of falling […]