Russian Economy Reeling after New Western Sanctions

A new wave of Western sanctions is hitting Russia’s economy hard. State-owned energy firms continue to bleed profits and Russia’s national currency plunged to a new low this week after the U.S. and the European Union announced new sanctions to punish Russia's aggressive stance in eastern Ukraine. The sanctions could also prove costly for European and American companies. While some worry the country’s weak currency will fuel higher prices, others say Russian consumers, who tend to buy...

© La Voix de l'Amérique - mercredi 17 septembre 2014