Western sanctions for Ukraine conflict hurt Russian economy, open up rifts

October 12, 2014 7:32 AM

33 0

MOSCOW — Deep into the worst conflict between Russia and the West since the Cold War, investors are fleeing, inflation is soaring and Russia’s Westernized business elite is rumbling that the nation needs to avoid repeating the economic mismanagement that broke apart the Soviet Union.

Western sanctions have choked off financing to some of Russia’s economic juggernauts and denied crucial technology to the nation’s energy sector. But it remains far from clear whether the mounting economic pressures since the March annexation of Ukraine’s Crimean Peninsula will soften Putin’s polici...

Read more

To category page