MOSCOW: Russia is set to lose around $40 billion (32 billion euros) per year due to Western sanctions over the Ukraine conflict, Finance Minister Anton Siluanov said on Monday.
“We are losing around $40 billion per year due to geopolitical sanctions and we are losing some $90 to $100 billion per year due to oil prices falling 30 percent,” Siluanov said in a speech at an economic forum in Moscow, quoted by RIA Novosti news agency.
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