Skip to comments.Russia cites economic fallout from Crimea annexation
Posted on 04/18/2014 1:17:59 AM PDT by Berlin_Freeper
MOSCOW Russia's economy has been hit hard by the turmoil in neighboring Ukraine, Kremlin officials said Wednesday, as pro-Russia separatists battled to take over more territory in Ukraine's east and potentially add to Moscow's economic burden.
Russia's annexation of Ukraine's Crimea region last month and the instability it created in Russian financial markets were cited by government officials for record capital flight and sharply downgraded growth forecasts for the country. Finance Minister Anton Siluanov said that instead of projected 2.5% growth this year, Russia's economy might show no growth at all.
(Excerpt) Read more at latimes.com ...
My heart bleeds for them.
Next time don’t invade your neighbor.