The consequences of the degradation of Russian-Ukrainian relations on the Russian economy
Journal: RePEc: Research Papers in Economics
Year: 2020

In March 2014, the Crimean Peninsula joined our country on the basis of the will of the majority of the Crimean population. As a result of this situation, two new subjects of the federation appeared on the geographical map: the Republic of Crimea and the city of Sevastopol. Russia has received a number of economic as well as political benefits, but also large-scale federal budget costs. The Republic of Crimea has become one of the most subsidized subjects of the Russian Federation, and the share