Western sanctions over Russia’s role in the Ukraine crisis are likely to last “for a very long time”, possibly decades, Economy Minister Alexei Ulyukayev told Vedomosti newspaper.”When a U.S. law is passed it is very hard to change it afterwards – looks like it will be in place for decades,” Ulyukayev said in an interview published on Thursday.Russia’s economy is heading for recession, dragged lower by sanctions imposed by the West over Ukraine and weak oil prices, a cornerstone of state revenues. The rouble has lost more than 45 per cent against the dollar since the start of the year.Ulyukayev …read more
Source: AsiaOne
