Economics

Putin Paradise Becomes Economic No-Go Zone Where Cash Rules

Simferopol's main market in Crimrea.

Photographer: Filippo Monteforte/AFP via Getty Images
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Nearly a year after Russia annexed Crimea, Moscow’s man here, Oleg Saveliev, is struggling with a seemingly mundane task: paying bills.

Like everyone on this disputed Black Sea peninsula, the minister for Crimea is living in an economic no man’s land.