South Ossetian economy tanks after Russian “liberation”

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South Ossetian economy tanks after Russian “liberation”

And what it means for Russia & Crimea:

This week, economists have warned repeatedly that Crimea, if it is absorbed, will prove a serious drag on Russia’s budget, but their arguments have been drowned out in the roar of public support for annexation.

Aleksei V. Malashenko, an analyst at the Carnegie Moscow Center, said Russian officials “will be shocked” with the challenges they face when trying to manage Crimea — reviving its economy, distributing money and influence among its ethnic groups, and trying to control the corruption that accompanies all big Russian projects. And, judging from precedent, the public’s euphoria will fade, he said.