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The latest round of sanctions from the West against Russia is likely to create more economic havoc than initially expected. First, the Russian government announced it will likely expect a budgetary shortfall in the coming years. According to MarketWatch, Russia's government will be short 80 billion rubles ($2.1 billion) in 2015, 220 billion rubles in 2016, and 270 billion rubles in 2017. According to Oilprice.com, more than 50% of the nation's 2014 budget will be financed by oil and gas production. In addition, the new sanctions, which affect multiple Russian oil giants' access to European financing, could also force a number of global oil companies like Exxon Mobil Corp. (NYSE: XOM), Royal Dutch Shell plc (NYSE: RDS.A), and Total SA (NYSE: TOT) to abandon their joint ventures with Rosneft OAO and Gazprom OAO.