Published On: Wed, Sep 13th, 2017

Anti-Russian sanctions cost Europe US $100 billion




Over the last three years, the European Union has been losing at least $3.2 billion every month due to the anti-Russian penalties, according to a report by a UN Special Rapporteur Idriss Jazairy.

“The most credible approximation is of $3.2 billion a month,” says the report on the negative impact of the unilateral coercive measures, as quoted by Sputnik.



Jazairy stressed that Russia had sustained a direct loss of nearly $15 billion a year or a total of $55 billion so far.

“The resulting overall income loss of $155 billion is shared by source and target countries,” he added.

EU sanctions against Russia were introduced in 2014 over the country’s alleged involvement in the conflict in eastern Ukraine and Crimea. The penalties targeted Russia’s financial, energy, and defense sectors, along with some government officials, businessmen, and public figures.

Moscow responded by imposing an embargo on agricultural produce, food and raw materials on countries that joined the anti-Russian sanctions. Since then the sides have repeatedly broadened and extended the restrictive measures.

for more see https://www.rt.com/business/403209-sanctions-russia-eu-billon-losses/

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