ECONOMIC TIMES – Russia is starting to count the losses of the worst heatwave in its history, with economists warning the weather may cost the country up to 15 billion dollars and undercut a modest economic revival. While it may take months for the government to tally the damage caused, several economists said the disaster might cost Russia between 0.5 percent and 1.0 percent of this year’s gross domestic product (GDP), or roughly 7-15 billion dollars. Read More
