News
Russia to lose $40bn a year due to sanctions
Published By
pmnews
Date
24th November, 2014
Russia is set to lose around $40 billion per year due to Western sanctions over Ukraine, Finance Minister Anton Siluanov said Monday.
“We are losing around $40 billion per year due to geopolitical sanctions and we are losing some $90 to $100 billion per year due to oil prices falling 30 per cent,” Siluanov said in a speech at an economic forum in Moscow, quoted by RIA Novosti news agency.
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