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    September 14, 2017

    UN: EU sanctions against Russia have backfired

    September 13 , 2017 - Fort Russ News - 
    Vesti - translated by Inessa Sinchougova

    The UN has analyzed the effect of sanctions imposed by the European Union on Russia. According to the report, the sanctions cost the EU's economy $ 3.2 billion a month or $38.5 billion per year, whereas for Russia, direct losses today amount to about $15 billion a year.

    The report emphasizes that the sanctions imposed did not have the desired effect, moreover, they proved to be counterproductive. As a result of globalization and full integration of the Russian Federation into the world economy, they affected the initiating countries themselves while stimulating the rapid growth of the local market.  

    "The Russian example shows the expected adaptability (to sanctions) for a prosperous country with diverse resources, a highly qualified population and numerous trading partners." 

    These kinds of repeated findings however do not slow down the aggressive behaviour of the US Congress to pass and implement new rounds of sanctions on behalf of their European partners. 

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    Item Reviewed: UN: EU sanctions against Russia have backfired Rating: 5 Reviewed By: Inessa S
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