World Economy

Russia Loses $200b

Russia Loses $200bRussia Loses $200b

Russia’s total loss from both sanctions and oil price fall accounted for $200b, or even more, Finance Minister Anton Siluanov told CNBC TV channel, APA reports. He added that the plunge in oil prices has had a more serious impact on Russia’s economy as the main impetus towards downturn, and that the financial deficit caused by the sanctions is $40-50b.