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Turchynov: Ukraine has suffered $100 billion losses after Crimea’s secession

The Republic of Crimea and the city of Sevastopol, where most residents are Russians, refused to recognize the legitimacy of the new Ukrainian authorities

Ukraine's parliament-appointed interim President and Verkhovna Rada Speaker Oleksandr Turchynov ITAR-TASS/Maxim Nikitin

Ukraine's parliament-appointed interim President and Verkhovna Rada Speaker Oleksandr Turchynov

© ITAR-TASS/Maxim Nikitin

KIEV, May 14. /ITAR-TASS/. Kiev has suffered losses worth $100 billion due to Crimea’s secession from Ukraine and the peninsula’s subsequent merger with Russia, Ukrainian parliament-appointed interim President and Verkhovna Rada Speaker Oleksandr Turchynov said on Wednesday.

“Ukraine has suffered a total of $100 billion in direct losses,” Turchynov said.

The Republic of Crimea and the city of Sevastopol, where most residents are Russians, refused to recognize the legitimacy of the new Ukrainian authorities, brought to power amid riots after a coup in February.

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Crimean parliament approves declaration on republic’s independence

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Ukraine crisis Ukraine Oleksandr Turchynov

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