MOSCOW， May 16 (Xinhua) -- Russia's Gross Domestic Product (GDP) declined by 1.2 percent year-on-year in the first quarter of 2016， the Russian Federal Statistics Service said Monday.
Russia's GDP declined by 3.7 percent in 2015， mainly due to slumping oil prices， Russia's main export commodity， as well as Western sanctions imposed to punish Moscow for its role in the Ukraine crisis.
In April， Russian Economic Development Minister Alexei Ulyukayev estimated a decline of 1.4 percent in the country's GDP in January-March this year.
Also in last month， Russian President Vladimir Putin predicted during an annual Q&A session that the country's GDP would drop by 0.3 percent this year and grow by 1.4 percent in 2017.
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Motorola Mobility, which is owned by the world's PC leader Lenovo, rolled out three new but familiar-looking Android handsets - Moto X, Moto X Pro, and Moto G - at a press conference held in Beijing on Monday.
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Lenovo clearly knew that Motorola missed out on the smartphone bandwagon years ago and that Motorola made a wrong decision in leaving China and other emerging markets, Liu Jun, executive vice president of Lenovo, said at the launch event.
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