Russia-Ukraine War l Putin Celebrates Annexation Of New Regions But The ‘Win’ May Cost Him Billions

Russian President Putin has annexed four occupied territories in Ukraine after a referendum. However, “victory” in the occupied regions is likely to cost Putin billions as the West prepares to slap more sanctions on Moscow. Putin’s 2014 decision to annex Crimea reportedly cost the Kremlin $1 billion to $2.7 billion a year to restore infrastructure. However, experts estimate that Putin's annexation of the four Ukrainian regions will likely cost him much more.