ST PETERSBURG, Russia May 22 Russian Economy
Minister Alexei Ulyukayev said on Thursday that the country
might avoid sliding into a recession in the second quarter.
"Preliminary macroeconomic data for April shows that the
probability of an economic recession is less than 50 percent,"
Ulyukayev told reporters on the sidelines of the St Petersburg
International Economic Forum.
He had earlier forecast that Russia could slip into
recession by the end of June after gross domestic product fell
0.5 percent quarter-on-quarter in the first three months of the
Ulyukayev said that capital outflows, which reached $63.7
billion in the first quarter, eased last month and that market
conditions were now supportive for a planned sale of a 19.5
percent stake in the country's largest oil producer Rosneft
"Privatisation of Rosneft this year is very feasible," he
(Reporting by Lidia Kelly and Darya Korsunskaya; Editing by