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Russian Retail Sales Growth Stalls After Ruble Plunges

Russian retail sales growth stagnated after the ruble had its worst month in more than two years and joblessness rose to the highest since April.

Retail sales advanced 1.7 percent from a year earlier in October, the same rate as in September, the Federal Statistics Service in Moscow said today in a statement. Unemployment rose to 5.1 percent from 4.9 percent, matching the median estimate in a Bloomberg survey of 16 economists.