Russia will not be intimidated over its actions in Ukraine and Crimea, President Vladimir Putin said on Saturday as his foreign ministry warned that it was preparing to retaliate against fresh Western sanctions.
Both the European Union and United States adopted tighter restrictions on investments in Crimea this week, while Canada rachetted up its own sanctions directed at Moscow.
Sanctions coupled with tumbling global oil prices have rattled Russia’s economy, with the rouble losing over 40 percent of its value year-to-date and a recession widely expected to take hold next year.
Putin has remained defiant in the face of these setbacks, repeatedly defending …read more
Source: Pakistan Today
