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60% of Muscovites Have Noticed Russia's Worsening Economy – Poll

Sixty percent of Moscow residents believe economic conditions in Russia have worsened recently, the RIA Novosti news agency reported Wednesday, citing the results of the reset poll.

At the same time, 12 percent of Muscovites believe the economic situation in Russia has been improving, according to a poll carried out by the Obshchestvennoye Mnenie (Public Opinion) foundation, RIA Novosti reported.

The poll revealed that more than half of Moscow residents see negative change in the Russian economic situation, with only 41 of Russians sharing this view.

The poll was conducted on Dec. 27, 2015 among 1,500 respondents in 53 Russian regions. The margin of error did not exceed 3.6 percent.

The Russian economy has been reeling from falling global oil prices, the country's main export, and Western sanctions imposed on Russia over its actions in eastern Ukraine.

As a result of the double-digit inflation, Russians' real incomes fell sharply over the past year.

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