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March 26, 2014 AT 9:21 AM
A top Russian official said his country was prepared for harsher economic sanctions from Washington and Brussels following Crimea’s March 16 vote to secede from the West’s new favorite country, Ukraine. On Wednesday, First Deputy Prime Minister Igor Shuvalov said the biggest problem was not formal sanctions from the U.S. or Europe , but how the largest investors in Russia will react to them. So far, only the U.S. has hit Russia with economic sanctions while Europe has opted to punish individuals deemed responsible for the crisis in Ukraine.