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But industrial output growth slowed for the year, down to 6 per cent from 6.1 percent in 2015.
International benchmark Brent Crude fell 1.35 per cent on Wednesday to $54.72 a barrel.
Russian analysts say GDP growth will improve as long as oil prices are above $40 a barrel.
But the rise in investments is dampened by a drop in exports.
There are expectations that the economy will struggle to grow above 0.5 per cent in 2017.
Go deeper to remove corruption, Xi tells Communist Party anti-graft monitor.
The Russian currency has gained about 24 per cent against the dollar in the past 12 months.
The drop in the pound against a basket of currencies has helped boost both domestic and foreign demand for goods manufactured in UK factories.
In 2014, China announced a $40 billion Silk Road Fund to strengthen connectivity in the Asia-Pacific region.
The rand weakened against the dollar since mid-December, while international oil prices continued to crawl upward.