Russia crisis to hit ex-Soviet states harder than expected: EBRD

The impact of Russia's economic crisis on its ex-Soviet neighbours will prove even more damaging than previously anticipated and continue into 2016, the European Bank for Reconstruction and Development (EBRD) said on Thursday. Resulting from Western economic sanctions over the Ukraine conflict and falling oil prices, Russia's economic dive "is having larger-than-expected negative spill-over effects on countries with which it has strong economic links," the EBRD said. Russia&#