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Western Sanctions Begin to Ripple Through Russian Economy

The effect of U.S. and European economic sanctions aimed at Russia's business and political elites is beginning to ripple through the country's economy.Two American credit companies, Visa and MasterCard, blocked transactions with their cards Friday at several Moscow banks. The institutions said they were complying with U.S. law after U.S. President Barack Obama imposed new sanctions the day before to protest Russia's annexation of Ukraine's Crimean peninsula.Meanwhile,...

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