Economic cost of Crimea seizure mounts for Russia

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By Lidia Kelly and Jeff Mason MOSCOW/BRUSSELS (Reuters) - The economic impact of annexing Crimea from Ukraine could drive Russia into a sharp recession this year even if the West stops short of trade sanctions, the World Bank warned on Wednesday. The gloomy assessment, far more negative than Russian government forecasts, came on a day when U.S. President Barack Obama was meeting European Union and NATO leaders to discuss how to reduce Europe's dependence on Russian energy and bolster NATO defenses of east European allies bordering Russia and Ukraine.