“Direct losses in 2014-2015 amounted to 15-20% of GDP," Milovanov wrote on his Facebook page.

Moreover, according to him, "Estimated total losses range from $ 50 to $ 150 billion."

In June, in Crimea, during a meeting of the working group on the analysis of the economic losses of the peninsula for the period of being a part of Ukraine, it was stated that the amount of lost regional profit from 1991 to 2013 was estimated at 2.5 trillion rubles.

Crimea became the Russian region after a referendum held there in March 2014, in which most residents spoke out for reunification with Russia.