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Russia’s cellphone operator monopoly stressed by threat of sanctions, hryvnia devaluation
Western sanctions have the potential to materially affect the Russian telecom business should current sanctions be expanded to whole sectors of the Russian economy.
© Pavel Podufalov
Russia’s 80 percent stake of Ukraine’s $3.8 billion cellphone operator market is facing a three-headed monster: the threat of sanctions, Crimea’s unclear legal status, and the hryvnia currency’s sharp devaluation.
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SEE ALSO
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