Sanctions will cost Russia more than $100 billion

April 21, 2015 2:48 PM

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Sanctions will cost Russia more than $100 billion

Russia is paying a hefty price for supporting the break up of Ukraine -- $106 billion, to be precise.

Russian Prime Minister Dmitry Medvedev gave the first official estimate of the cost in a speech Tuesday. He said the decision to annex Crimea had sparked a crisis that turned out to be "more difficult" than even the most pessimistic expectations.

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