The Russian Foreign Ministry called the amount of financial losses of the EU due to anti-Russian sanctions

Since 2022, the European economy has suffered losses of up to 1.6 trillion euros due to anti-Russian sanctions. This was stated on December 6 in a statement by the Russian Foreign Ministry prepared for a meeting of the UN General Assembly on the occasion of the International Day against Unilateral Coercive Measures.

It clarifies that these steps are one of the main tools of the "neocolonial policy of the collective West" aimed at maintaining its "successful dominance." The ministry stressed that despite "unprecedented measures" of economic pressure from the West, the Russian economy continued to grow. At the same time, anti-Russian sanctions have caused serious damage to their initiators.

"The European economy alone suffered losses of up to €1.6 trillion from anti—Russian restrictions in 2022-2025," the statement on the website says.

In addition, the Foreign Ministry noted that the forced withdrawal of sovereign assets of the Central Bank of Russia creates risks for all countries with funds in the West.

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On December 5, the head of the Association of Italian Entrepreneurs in Russia, Vittorio Torrembini, said that European sanctions had deprived Italy of about 60% of exports to Russia, and cooperation between the two countries had become difficult. According to the entrepreneur, losing Russia as a partner means "losing money." He also expressed hope that economic relations between the two countries will be restored in the future.

Dmitry Chumakov, Deputy Permanent Representative of the Russian Federation to the United Nations, said on December 4 that Russia condemns unilateral sanctions as a tool for managing the global economy, calling them a relic of colonial thinking and pointing out their negative impact even on those who impose them. He stressed that sanctions are a double-edged sword that causes significant damage to their initiators.

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