DISINFO: European economy loses tens and hundreds of billion dollars due to sanctions
SUMMARY
The whole Eurasia is trying to get rid of US dictate. Washington solves all its geopolitical claims both to Russia and Iran solely at the expense of European allies and partners. The losses suffered by the European economy due to sanctions since the end of 2014 are already over tens and hundreds of billion dollars.
RESPONSE
Recurring pro-Kremlin disinformation narrative about Western sanctions on Russia and US presence in Europe. You can see other examples here, here, and here. Since March 2014, the EU has progressively imposed restrictive measures against Russia. The measures were adopted in response to the illegal annexation of Crimea and the deliberate destabilisation of Ukraine. The narrative about sanctions is often backed by false statistics, contrary to the actual evidence. During the last ''Direct Line'', Russian President Vladimir Putin said: “Because of the sanctions, we lost $50 billion, Europe - $240 billion.” In reality, the economic effects on individual EU countries vary according to their exposure to the Russian market. By the most recent research into the effect of sanctions, the cumulated export loss to Russia during 2014-2018 is estimated at EUR 30 billion (about -0.2% of EU’s GDP in 2018), incurred largely during 2014-2016, as EU exports to Russia recovered in 2017. .