You're reading: Bloomberg: Russia still paying price for Crimea five years after annexation

Half a decade has passed since Vladimir Putin annexed Ukraine’s Crimean peninsula.

For Russia, the costs continue to mount. The accession treaty signed to bring the Black Sea territory into Moscow’s fold is still unrecognized by most countries and the U.S. and European Union led a broad effort to punish Russia with sanctions. Undeterred, Russia has kept integrating Crimea into its economy, invest

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