CNN: Russia is paying a hefty price for supporting the break up of Ukraine — $106 billion, to be precise.
Russian Prime Minister Dmitry Medvedev gave the first official estimate of the cost in a speech Tuesday. He said the decision to annex Crimea had sparked a crisis that turned out to be “more difficult” than even the most pessimistic expectations.
Western sanctions imposed over Crimea and Moscow’s support for separatist rebels in eastern Ukraine had cost Russia $26.7 billion in 2014. This year, the costs could balloon to $80 billion, he said.
“There should be no illusions. Today we are faced not only with a short term crisis,” Medvedev said.