Sanctions, cheaper oil cost Russia
Lower oil prices and Western financial sanctions imposed over the Ukraine crisis would cost Russia around $130 billion (R1 trillion) to $140bn a year – equivalent to about 7 percent of its economy – Finance Minister Anton Siluanov said yesterday. |||
Reuters MoscowLOWER oil prices and Western financial sanctions imposed over the Ukraine crisis would cost Russia about $130 billion (R1 trillion) to $140bn a year – equivalent to about 7 percent of its economy – Finance Minister Anton Siluanov said yesterday.His comments are the latest acknowledgement by Russian policymakers that sanctions restricting borrowing abroad by …read more
Source: Independent Online
