Surgei Guriev: The Economic Costs of Russia’s Intervention in Ukraine: “What is not clear is whether Russia can bear the costs…. First, there are the direct costs of military operations and of supporting the Crimean regime and its woefully inefficient economy… several billion dollars per year….Then there are the costs related to the impact of … Continue reading Morning Must-Read: Sergei Guriev: Putin Costs the Russian Economy a Lot