https://sputnikglobe.com/20231103/eus-losses-from-russia-sanctions-amount-to-nearly-15-trillion---senior-russian-diplomat-1114682028.html

EU's Losses From Russia Sanctions Amount to Nearly $1.5 Trillion - Senior Russian Diplomat

EU's Losses From Russia Sanctions Amount to Nearly $1.5 Trillion - Senior Russian Diplomat

Sputnik International

The total losses of the European Union from the imposed sanctions and curtailment of economic relations with Russia amount to approximately $1.5 trillion, Russian Deputy Foreign Minister Alexander Grushko said on Friday.

2023-11-03T06:47+0000

2023-11-03T06:47+0000

2023-11-03T06:47+0000

economy

alexander grushko

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european union (eu)

russian economy under sanctions

eu sanctions

western sanctions

sanctions

russian sanctions

economic restrictions

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"The total losses of the European Union — these are the most conservative estimates — from the imposed sanctions and decisions made in economic areas to curtail cooperation with Russia amount to approximately $1.5 trillion," Grushko told on the sidelines of the Eurasian Economic Forum. In 2013, the volume of EU trade with Russia was $417 billion, in the absence of sanctions this year, it could have been $700 billion, but in 2022, it was $200 billion, the diplomat said, adding that in the first half of 2023, trade was $47 billion, and will be less than $100 billion by the end of the year.

https://sputnikglobe.com/20230817/russia-grows-richer-while-west-bleeds-trillions-amid-failed-sanctions--funding-ukraine-1112666650.html

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eu sanctions, sanctions against russia, eu-russia trade, eu-russia cooperation, eu-russia ties, decline in trade, economic recession, economic crisis, economic decline, russian sanctions, economic restrictions