Ukraine Loses At Least $80 billion Since Russia Takes Crimea -- Reuters
(Reuters) - Ukraine has lost at least $80 billion since Russia annexed its southern Crimea region and the price tag will be much higher when Kiev includes lost profits and the value of possible energy reserves in the Black Sea.
Justice Minister Pavlo Petrenko said Kiev would press its case against Russia at the European Court of Human Rights and could take individuals to court for military crimes and those against its territorial integrity.
"Any state property located on the territory of Crimea is the property of Ukraine and Russia bears the full liability for the losses incurred by state companies, ministries and departments," Petrenko told a news conference.
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My Comment: These numbers and claims are fantasy. Bottom line .... after the breakup of the Soviet Union the finances and the economy of Ukraine became dependent on Russian assistance and trade deals. Ukraine has (and is) extremely poor .... and with chaos and instability in the economy and in the political arena being the rule rather than the exception ... I expect this state of affairs to continue. Throw in corruption, the power of the oligarchs, and the power of the state in managing what is essentially has been a political economy .... I can easily predict that there will be no forward movement in improving the lives of its citizens. As to blaming Russia for their plight .... maybe some supporters of the interim Ukraine government will believe it .... but I know that in my case my cousins are leaving Ukraine not because of Russia, but because of the incompetence of the Ukraine government, poverty, and no hope for a better future.
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