Russian economy's recovery to be gradual - media

Rise in oil price provides boost for Russian economy but lack of reform and investment drags on demand, Financial Times writes.

With oil prices ticking up, and hopes that a US administration led by Donald Trump could bring at least some sanctions relief, some investors have taken the view that Russia’s recovery can gather steam.

“This recovery will be long and gradual. We are not exiting recession through one door but through a long corridor,” a former Central Bank official and now Russia economist at Renaissance Capital, Oleg Kouzmin, said.