“The economic cooperation between Russia and the EU we spent so much money and effort to make happen remains an important safety net creating new jobs and generating economic growth in Europe, while keeping political tensions out. We need to expand this safety net, not dismantle it,” Vladimir Chizhov told the participants of the European forum now under way in Alpbach, Austria.
“According to a forecast just released by the Austrian Institute of Economic Research (WIFO) the EU sanctions against Russia will cost Europe €100 billion and over 2 million jobs,” he added.
