Russian President Vladimir Putin takes part in a state awards ceremony in Moscow's Kremlin March 24, 2014. REUTERS/Alexei Nikolskiy/RIA Novosti/Kremlin
MOSCOW (Reuters) - The annexation of Crimea will only temporarily distract Russians from worrying about the economy, a respected economist said, suggesting a rally in President Vladimir Putin's ratings may not last.
The standoff with the United States and the European Union over the Black Sea region has won Putin support at home but Western sanctions and capital withdrawals by nervous investors are expected to damage the economy.
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