The Central Bank of Russia in Moscow. Economic officials at the Kremlin said growth won’t return to Russia at least for another year, though the downturn is becoming less severe. Photo by DyMax/Shutterstock STUTTGART, Germany, June 1 (UPI) — It may be another year before the Russian economy recovers from deep recession and returns to growth, the country’s economic development minister said. With a 3.7 percent decline in gross domestic product last year, Russian Economic Development Minister Alexei Ulyukayev said the country was in a deep recession. The Russian Central Bank, however, said earlier this week that inflation was stabilizing and the economy was moving to the starting point of recovery. Ulyukayev said first quarter GDP shrank by 1.2 percent, but recovered to about negative 0.7 percent by April. “We expect that somewhere in the middle of the year we will reach zero and after that we will gradually […]