Russia’s Occupation of Crimea Cost it 10 Percent of GDP – Poroshenko
The Ukrainian president said that Russians' living standards have gone down as a result of international sanctions
Russia has lost more than $150 billion and 10 percent of its GDP due to the sanctions imposed on it for its occupation of Ukraine’s Crimean peninsula, Ukrainian President Petro Poroshenko said.
The president, who is running for reelection, made the statement at a meeting with students and professors of the National University of Life and Environmental Sciences, Ukrinform reported.
“A 20 percent drop in living standards in Russia is the price that Russia pays for the war in Ukraine. This comes about through the policy of sanctions which are not just to punish Russia but to make it sit down at the negotiating table. Today, the whole world stands with Ukraine against Russia,” Poroshenko said.