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Sanctions, Falling Oil Prices Costing Russia Billions

Russia's finance minister says the country is on course to lose $130-140 billion annually due to Western sanctions and falling oil prices. Speaking Monday at an economic forum in Moscow, Anton Siluanov signaled that slumping oil prices are a more serious challenge for Russia than Western punitive measures over Ukraine. "We're losing around $40 billion a year because of geopolitical sanctions, and about $90 billion to $100 billion from oil prices falling by 30...

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