Analysts at Bloomberg Economics, citing a study published by Scott Johnson, over the past five years of occupation of Crimea, the economy of the Russian Federation has decreased by more than 10 percent – or 150 billion dollars – compared to 2013. It is due to the fall in oil prices, but otherwise it is the impact of sanctions and other factors. This is reported on the website of “Bloomberg”.
A study published by analyst Scott Johnson late last year found that the economy of the world’s biggest energy exporter is more than 10 percent – or $150 billion – smaller compared with what might have been expected at the end of 2013. Four percentage points of that come from the drop in oil prices, but sanctions and other factors are to blame for the rest, – is said in the message.
The number of Russian companies and individuals who are subject to U.S. sanctions has quadrupled to more than 700 since 2014, and another bill is doing the rounds in Washington that could hit the country with a new raft of penalties this year.
Besides the analytics inform that average incomes of Russians have barely budged above 30,000 rubles a month ($459) since the Crimea takeover and slump in oil prices pushed the country into an almost two-year recession.
At the same time, in Crimea, incomes have increased from 15 thousand rubles per month in 2015 to 22 thousand rubles in 2018.
As the economic pressure takes its toll on ordinary Russians, the positive effect the annexation had on public opinion five years ago has started to wear off. A poll published on Thursday by the Moscow-based Public Opinion Foundation (FOM) found that just 39 percent of Russians think the takeover did Russia more good than harm, down from 67 percent at the end of 2014.