Originally posted by the Voice of America.
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           Russia to Lose Billions Over Sanctions, Falling Oil Prices

   by VOA News

   Russia's finance minister says Russia is on a course to lose more than
   $100 billion due to Western sanctions and falling oil prices.

   Anton Siluanov said Monday at an economic forum in Moscow that Russia
   could lose as much as $40 billion per year because of Western
   sanctions.

   The United States and the European Union have imposed several rounds of
   sanctions against Russia for its role in the conflict in Ukraine.
   Russia denies involvement in hostilities in eastern Ukraine where
   pro-Russian forces are frequently involved in skirmishes against
   Ukrainian government troops, despite a cease-fire agreement.

   Siluanov also said Russia could lose up to $100 billion annually
   because of low oil prices, which have fallen by 30 percent.

   The Ria Novosti news agency says the Russian ruble has fallen about 23
   percent against the U.S. dollar in the past three months as a result of
   the falling oil prices.
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   [1]http://www.voanews.com/content/russia-to-lose-billions-over-sanction
   s-falling-oil-prices/2531878.html

References

   1. http://www.voanews.com/content/russia-to-lose-billions-over-sanctions-falling-oil-prices/2531878.html