A new round of Western sanctions on Russia over the crisis in Ukraine could seriously impact its economy

A new round of Western sanctions on Russia over the crisis in Ukraine could seriously impact its economy, Economy Minister Alexei Ulyukayev said Saturday.
  
The minister said Russia has prepared for three possible scenarios in the event of tougher economic sanctions. The less severe one presumes sanctions on "luxury products, caviar, furs, etc," while the worst "includes the whole complex: metals, fertilizers, oil, gas, and so forth, taking into account prices and volumes."
  
In this case, "economic growth rates go seriously into the negative," he was quoted as telling the Rossiya channel, though he added that the economy can still "support" this outcome. "Investment rates go into more negative territory, incomes decrease, inflation grows, state reserves shrink," he said.