The new round of US sanctions slapped on Russia over Crimea Thursday may
already be taking a toll on Russia's economy. But how effective the
measures will be in curbing Russia's aggressive policies remains a
true effects of the measures, as they percolate through the
Kremlin-centric financial and business circles, will sting with growing
force in the long term. Yet in the short term, they might play into
Putin's hand as he continues to centralize power at home.
Russia's stock market plunged by around 3 percent Friday, after
slumping 10 percent in the past month. The beleaguered ruble rallied
slightly, but projections show it continuing its recent dramatic downward slide.
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