Sanctions cost Russia at least $40 billion
Moscow (UPI) Nov 24, 2014 - Russia stands to lose at least $40 billion because of Western economic sanctions targeting its energy sector, the country's finance minister said Monday. Oil has shed at least a quarter of its value since June because of slow economic recovery and an increase in production from North American shale. For a Russian economy dependent on oil revenue, sanctions imposed in response to the Kre ... more
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