Russia loses about $40 billion a year due to sanctions and $90-100 billion due to a drop in oil prices.
Russian Finance Minister Anton Siluanov said this at an international financial and economic forum, the Apostrophe online news site reported.
“We lose about $40 billion a year because of geopolitical sanctions, and we lose about $90-100 billion a year due to a reduction in oil prices by 30%,” the minister said.
However, he said that falling oil prices were a major main risk to fiscal policy, the financial system and the economy as a whole.
As reported, the Central Bank of Russia expects the outflow of capital in 2014 at $128 billion.
Jamala’s song became soundtrack to film about Fanny Kaplan
Ukraine penalizes Russian airlines for flights to Crimea
Occupants continue to "bury" imported products in Crimea
Turkey continues to advance into Syria and Iraq
2016 Sakharov Prize winners named
Argentine Ambassador issued a statement on Crimea and Donbas
Ministry of Justice: Lustration is almost complete
Russia provided new data on downed Boeing
Ukrainian MFA protests against Putin's visit to Crimea
MFA compares trial of Chiygoz with Stalinist repression
School with children bombed in Syria
Hayser Jemilev denied early release
Ankara: The evidence to arrest Gulen is sufficient
Putin promised Crimeans ‘pipe & different life’ at year-end
NATO Ex-official: Putin feared in vain and annexed Crimea
NATO: Russia funding separatists in Eastern Ukraine
Turkish food entering Ukrainian market
WorldFood Ukraine gathers 125 companies from 13 countries
Ukrainian military to take part in US Marine Corps Marathon
Occupants fined Mejlis member in Crimea
Occupants try to show the scale of terrorism in Crimea
Kiev does not intend to leave demarcation line in Donbas
ATO Digest: Mariupol direction under fire
EU strengthens sanctions against RF with 5 countries
Sebastopol streets are swamp with litter