Europe’s Anti-Russia Sanctions Result in Extensive Economic Losses and Growing Tensions with Russia | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

Europe’s Anti-Russia Sanctions Result in Extensive Economic Losses and Growing Tensions with Russia

New data out this week indicates that the European Union has suffered aggregate economic losses amounting to over €120 billion due to its policy of imposing sanctions against Russia. That’s according to figures released by the Dusseldorf Chamber of Commerce and Industry.

Yet European leaders at an EU summit this week again called for the extension of sanctions on Russia, which will roll on into the middle of next year and probably beyond that date. This lockstep action by the bloc is only leading to more tensions with Russia and taking a political direction to nowhere except more conflict. Those EU sanctions were first imposed in July 2014 over dubious allegations of Russia’s malign involvement in the Ukrainian conflict. Moscow has rightfully reciprocated with counter-sanctions on European exports of agriculture and other goods.

The German Chamber of Commerce and Industry estimates that the entire stand-off has hit EU economies with losses of €21 billion every year. The biggest loser is Germany’s economy which forfeits nearly €5.5 billion a year in bilateral trade with Russia.

Accumulated over six years since 2014 the EU’s sanctions policy against Russia has resulted in a staggering total loss of over €120 billion. And counting.

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