Russia's largest retailer X5 buys local rival Archives - Just Food
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Russia's largest retailer X5 buys local rival

Comment: Is Russia resurgent?

Comment: Is Russia resurgent?

Russia, the world's 12th largest economy was hit hard by the global downturn. The drop in global manufacturing demand hit resource-rich Russia hard, which saw its GDP slump by 7.9% during 2009 in what was the country's worst recession in a decade.