In 2015, the sanctions against Russia cost the EU of 17.6 billion euros

The introduction of EU sanctions against Russia and further Russian counter-sanctions the EU economy in 2015 suffered losses in the amount of 17.6 billion euros. This is stated in the study by the Austrian Institute of economic research (WIFO), writes DW.

As noted, the sanctions, according to them, has led to a reduction of 400 thousand jobs across the EU.

At the same time, the study indicates that due to the weakness of the Russian economy trade of the EU with Russia and no sanctions has been weakened.

In General, only 44% of the decline of the trading indicators can be linked directly to sanctions, the researchers note. Without the introduction of restrictive measures losses from lower European exports to Russia amounted to 22 billion euros.

As reported, the action introduced in 2014 the European Union sanctions against Russia recently extended until July 31, 2017.

At the same time, the Minister for foreign Affairs of Austria Sebastian Kurz said that his country was during the presidency in OSCE in 2017, will seek to mitigate the sanctions of the EU against Russia.

Recall, December 29, 2016, the national security Council and defense of Ukraine imposed new sanctions against Russian citizens and businesses.




In 2015, the sanctions against Russia cost the EU of 17.6 billion euros 06.01.2017

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Январь 6th, 2017 by
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