DISINFO: Sanctions that were supposed to destroy Russia may disintegrate the EU
SUMMARY
The EU continues to approve new sanctions packages, and economic and war aid to the Kyiv regime, selling out financially and emptying its arsenals.
The result is that Russia is the most sanctioned country in the world, while the European Union is on the verge of collapse. The sanctions that were meant to destroy Russia may end up disintegrating the European Union.
RESPONSE
Recurring disinformation about Western sanctions on Russia, war in Ukraine and on EU disintegration.
The EU and other countries around the world adopted several sanction packages against Russia due to its illegal aggression and occupation of Ukrainian territories. Not all trades restrictions are yet enforced as the energy sector needs longer transition periods, so it is too early to assess the full effect of the sanctions. However, it is incorrect to state that Russian economy would be barely affected or would even benefit from the sanctions. Otherwise, the Russian leadership would not feel the need to constantly demand the sanctions be removed.
It is also Russia's unprovoked and unjustified invasion of Ukraine that is hurting the global economy, and not sanctions against Russia. The Russian invasion of Ukraine has destabilised global food markets and is driving food prices up due to increased cost of production, transport and freight insurance. Russia has also destroyed substantial food stocks, production, as well as processing and transport capacities in Ukraine. It also affects the economy of the EU but there are no signs of “destruction”.
A recent study from Yale University takes a detailed look into the effects sanctions are having on the Russian economy, concluding that "business retreats and sanctions are catastrophically crippling the Russian economy."
See also the assessment of EU HRVP Josep Borrell demonstrating that sanction policy is working and strongly impacts Russian economy.
Read similar cases claiming that The EU lost more from sanctions than Russia, European sanctions against Russia do not work and EU sanctions are hurting Europe more than Russia