EU Lost $1.5 Trillion As A Result Of Russia Sanctions

Russian Deputy Foreign Minister Alexander Grushko, during the Eurasian Economic Forum, said that the EU lost $1.5 trillion as a result of Russia’s sanctions.

eu lost russia sanctions 1

According to Russian Deputy Foreign Minister Alexander Grushko, the European Union has lost almost $1.5 trillion overall as a result of the sanctions and the suspension of trade with Russia.

“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.

The Washington Post claims that the audio it got revealed that Russian tycoon Magomed Musaev was buying Forbes, and Austin Russell was only the “face” of the acquisition deal.

The minister stated that while trade between the EU and Russia was $417 billion in 2013, it could have been $700 billion this year if sanctions hadn’t been in place. However, in 2022, it was only $200 billion, and by the end of the year, it will only be less than $100 billion.

GreatGameIndia is being actively targeted by powerful forces who do not wish us to survive. Your contribution, however small help us keep afloat. We accept voluntary payment for the content available for free on this website via UPI, PayPal and Bitcoin.

Support GreatGameIndia

“Next year, [the trade] will be $50 billion, and then will tend to zero,” Grushko said.

Leave a Reply