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About Crimea

Russia invaded Ukraine's Crimean Peninsula in February 2014 amid the deadliest days of the EuroMaidan Revolution. Around 30,000 Russian troops crossed into Crimea, taking hold of the peninsula by early March 2014. Russia has continued to occupy Crimea ever since. Crimea covers an area of around 27,000 square kilometers (10,400 square miles), roughly the same size as the U.S. state of Massachusetts.

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The broad consensus among Russia-watchers is that the country is facing a prolonged bout of stagflation. Growth this year is unlikely to exceed 1%, and inflation is still stuck at 6% (or more). Moreover, the most promising option for reviving the economy is the least likely to be pursued, because it requires President Vladimir Putin's willingness to end the war in Ukraine. The downside risks are legion. Russian troops have barely advanced in Ukraine this year, and Russia cannot spend more on i

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