Russia Contemplates The Price Of Its Ukraine Policy

Having decided first to recognize the breakaway republics of Donetsk and Luhansk and then mount a special operation to reverse the pro-Western Maidan revolution of 2014, Russia's leadership realized that there would be consequences to these actions. As the West made it clear from the outset that its response would take the form of imposing severe sanctions rather than a military, the issue of the economic damage that Russia would sustain naturally surfaced.

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