After annexing Crimea, Russia has been facing crippling economic sanctions. So is Putin leading Russia into a Great Depression?
Russia to Get Banknote Dedicated to Crimea
“A 100 ruble banknote commemorating Moscow’s annexation of Crimea from Ukraine in 2014 will appear in Russia next month, the TASS news agency reported Thursday, citing a Central Bank official.”
Russia says crisis-hit economy slumped 4.3% in third quarter
“Russia’s economy shrank 4.3 percent in the third quarter this year, the government said Monday, as a recession caused by low oil prices and Western sanctions over Ukraine continued to take its toll.”
U.S. Sanctions Have Crushed Equity Of Russian Oil Companies
“Sanctions have definitely hurt Russian oil companies and their investors, some much worse than others.
Since Washington imposed sectoral sanctions in July and September, the market cap of Russia’s most powerful oil and gas companies has steadily eroded.”
Music Track Courtesy of APM Music: “Elevation”
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