(MENAFN) Sanctions imposed on Russia for annexing Crimea are pushing the country's economy toward a recession, Khaleej Times reported
The sanctions by the US and the European Union will cause the Russian economy to shrink for at least two quarters
Sanctions for annexing Crimea will rattle markets curb investment and raise the cost of borrowing
The Russian president has made Crimea a part of Russia again after 60 years and says he won't be swayed by foreign retaliation
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