China's top envoy to Germany has warned the West against punishing Russia with sanctions

[geek tragedy]

24. that graph is all of 2014, including the crisis Russia brought upon itself.

It shows investors lack confidence in Russia's outlook when the EU and US decide to slap sanctions on it.

Russia's per person GDP is 1/4 of the US's, so a growth rate roughly equivalent to the US growth rate is really unimpressive--growth is supposed to be higher when per person GDP is lower.

Here's what Russia's outlook for 2014 is really like:

Former Finance Minister Alexei Kudrin, a member of Putin's economic council, said that Western banks are already shutting off credit lines for Russian companies. Growth would fall sharply from last year, when the economy grew by 1.3%, already way down on 2012's figure of 3.4%.

"I believe that under the circumstances, [growth] will be less than 1% this year. It might even be zero growth this year," Kudrin said, according to Russian media.

http://money.cnn.com/2014/03/14/investing/russia-crimea-markets/index.html

You see, no one's going to lend dollars or euros or yen to Russia-based companies.

Which will hurt.