Sanctions have cut russia’s GDP by 6 percent

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Prosecuting war in eastern Ukraine and sustaining Crimea has taken an economic toll on russia, directly and through Western sanctions, writes Newsweek.

Bloomberg Economics estimates sanctions have cut russia’s gross domestic product by 6 percent over the past four years. And nonmilitary russian spending in those areas may burden russian GDP by 0.3 percent per year.

russian-­occupied separatist areas in Georgia and Moldova also require subsidies.

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