Russia's hostility towards Ukraine and the West could wreak further havoc on its economy over the coming year, according to a new report, which categorized the country as "high risk" for investors.
Russia's "increasingly aggressive foreign policy" saw the country ranked 21st in Verisk Maplecroft's Political Risk Dynamic Index for 2015, behind countries such as North Korea at number 15 and Somalia at number 1.
Western sanctions against Russia following its annexation of Crimea have hit both its corporations and its currency hard, weakening the country's economic outlook. On Tuesday, the World Bank revised down Russia's growth projections for 2015/2016.
It now predicts that the Russian economy will contract by 0.7 percent in 2015, with additional difficulties caused by continued volatility in international oil prices.