Economics
Russian Economy at Risk of Delayed Recovery After Crimea Flareup
- Escalation cut Russia’s chances for sanctions being lifted
- Economists see it affecting investor confidence, capital flows
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The recent flare up over Crimea may have just delayed Russia’s economic recovery.
After President Vladimir Putin accused Ukraine of plotting terrorist attacks on the Black Sea peninsula this month, the chance that Western countries will scrap economic sanctions against Russia has declined, according to a Bloomberg survey of economists. Of the 21 asked, 52 percent see the European Union beginning to lift its penalties in the next 12 months. That’s down from 69 percent in the previous survey. Only 10 percent expect the U.S. to start removing its sanctions, down from 19 percent a month ago.