Economics
Russia Still Paying Price for Crimea Five Years After Annexation
- Sanctions knock up to 6% off Russia’s economy since 2014
- Incomes stagnate, investment dries up as penalties keep coming
A monument to scuttled ships stands off the shore of Sevastopol, Crimea.
Photographer: Misha Friedman/BloombergThis article is for subscribers only.
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Half a decade has passed since Vladimir Putin annexed Ukraine’s Crimean peninsula. For Russia, the costs continue to mount.