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Russia Falls 10 Spots in Economic Freedom Index

Russia has depressed 10 places in an mercantile leisure ranking that classed the nation as “mostly unfree.”

Russia ranked 153rd of 178 nations in the 2016 Index of Economic Freedom published Monday by the Heritage Foundation, a Washington consider tank, 4 spots next Tajikistan and just forward of Algeria.

It scraped in just above the category of “repressed” nations such as Belarus in the 157th mark and Ukraine at 162nd. Hong Kong surfaced the ranking — followed by Singapore and New Zealand.

The index pronounced Russia scored low on rule of law issues such as skill rights and freedom from corruption, though aloft on regulatory potency and limited government. The country’s scores fell or stayed the same in every category, and the ranking pronounced leisure had been eroded by Moscow’s process of import deputy and the rising participation of state-owned lenders in the banking sector.

Russia’s economy is now in the hold of a retrogression due in part to a unemployment in global oil prices and sanctions imposed over the crisis in Ukraine in 2014.

Article source: http://www.themoscowtimes.com/article/557906.html