You're reading: The Times: Russia faces up to harsh cost of Crimea

Ordinary Russians are starting to face the consequences of seizing Crimea, with billions of pounds being drained from their pockets for years to come. After President Putin signed off the annexation of Ukraine's southern peninsula live on television earlier this year Russian national pride surged to levels not seen in decades. Fed by a triumphalist state media, the feel-good factor has endured and the Russian leader's approval rating has risen to 86 per cent.

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