U.S. Secretary of state John Kerry believes that the punishment of the West and the United States had a "significant impact" on the Russian economy.

"punishment has had a significant impact on the economy of the Russian Federation. The ruble fell by 50 %, the economy will experience a recession, " said Kerry on Tuesday during the budget hearings in the Senate foreign relations Committee.

He also warned that " in the long term, Russia will face the consequences of the choice that she makes.


The US and EU do not recognize the annexation of Crimea to Russia and accuse Moscow of interfering in Ukraine. Russia denies it and calls the accusations are unacceptable. Western countries since March has repeatedly imposed punishment on a number of Russian politicians, businessmen and organizations and threatened to make wider restrictive measures.

A complete list of Russian Citizens and organizations who are under punishment, -

sections: Politics