jsanchez38349
jsanchez38349 jsanchez38349
  • 24-01-2022
  • History
contestada

After the annexation of Crimea, how did the economic sanctions imposed during the Obama Administration impact Russia's economy?

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riverajacky102002
riverajacky102002 riverajacky102002
  • 24-01-2022

Answer:

By mid-2016, Russia had lost an estimated $170 billion due to financial sanctions, with another $400 billion in lost revenues from oil and gas. According to Ukrainian officials, the sanctions forced Russia to change its approach towards Ukraine and undermined the Russian military advances in the region.

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