Sanctions hurt Russia, but still far from changing minds

February 4, 2015 10:23 AM

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LONDON (Reuters) - Sanctions on Russia over its actions in Ukraine have compounded the impact of oil's plunge but Moscow may have the financial buffers to hold out for two years without a change in policy.

European governments meet next week to review the sanctions, imposed after Russia annexed Crimea last March and threw its support behind pro-Moscow separatists in eastern Ukraine. The West's response centred first on financial and travel restrictions on key individuals but by mid-year it had effecti...

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