Russian economy grew 3.3% y/y in April -economy ministry

MOSCOW, May 31 (Reuters) - Russia's economy grew 3.3% in April in annual terms, the economy ministry estimated on Wednesday, up from a revised 0.7% year-on-year contraction in March.

The ministry said the growth reading was in part due to the low base effect of last year. Russia's economy contracted 2.1% in 2022 as a whole and was under particular pressure in the spring as the West imposed sweeping sanctions against Moscow over its invasion of Ukraine. (Reporting by Darya Korsunskaya and Alexander Marrow Editing by Gareth Jones)

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