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rdf:type	schema:NewsArticle
schema:articleBody	Russia's industrial output fell by 9.6 percent in May compared to same month the previous year, the state statistics agency said Tuesday, saying coronavirus restrictions played the biggest role in the drop. Output continued to shrink after April's results of a 6.6 percent fall, with industries affected by a lockdown to control the spread of the coronavirus imposed in late March. "The restrictions on work of organisations in several sectors... and other measures imposed to prevent the spread of the coronavirus infection continued to affect economic activity," the statistics agency said. Russia's President Vladimir Putin in late March imposed a "non-working" period for most sectors of the economy, which he lifted on May 12, though regions are free to impose local restrictions based on the stage of the epidemic. The agency added that another reason for the output fall was the oil production cuts Russia agreed to in April, which took effect in May and contributed to a decrease by 13.5 percent in resource extraction in May year on year. "The commodities sector registered the greatest fall," the agency said. "The main reason is the decrease of production volumes agreed with OPEC+." Russia in March refused to cut supply, triggering a price war with Saudi Arabia and and a crash of the oil price. It later reached an agreement with OPEC to limit production. Russia publishes industrial output figures prior to economic growth figures. ma/jh
schema:headline	Russia industrial output down 9.6 percent in May
schema:mentions	OPEC Industry Impose (magazine) President of Russia Saudi Arabia Lockdown Russia Vladimir Putin Coronavirus disease 2019 Price war
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-06-16 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	64 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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