#Ukraine Crisis Seen Lasting for Years in Threat to #Russia - Bloomberg

Ukraine Crisis Seen Lasting for Years in Threat to Russia - Bloomberg:



"The conflict in Ukraine will take years to resolve, rattling Russia’s investment climate and threatening to push its economy into recession at the current level of sanctions, former Finance Minister Alexei Kudrin said.



“It’s no quick task to resolve the situation in the southeast of Ukraine,” Kudrin said today at a conference organized by the American Chamber of Commerce in Moscow. Finding a solution will require two to three years “at a minimum” under what he called an “optimistic scenario.”



Ukraine’s stalemate against separatists will weigh on Russia’s investment climate until ties improve with the U.S. and the European Union, said Kudrin, 53, a long-time ally of Vladimir Putin and one of the few Russian politicians the president has publicly called a friend. After leaving the government in September 2011, Kudrin has served on the president’s economic council and is a member of the supervisory board of Sberbank, the country’s biggest lender."



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