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Russia Piles Pressure on Companies as Unemployment Crisis Looms

  • Unemployment seen doubling to highest in decade this year
  • Employers so far try to limit job cuts under official pressure
Updated on

The next economic jolt to Russia will likely arrive by way of the labor market, building in intensity over the coming months and bringing new hardships for a nation already waylaid by a series of shocks.

Joblessness this year is set to more than double from the first quarter and exceed 9% for the first time in more than a decade, according to a Bloomberg survey of analysts in March.