Russia’s exports are the hardest. Also in the EU, it is assumed that production in Russia will decrease by 10.4% this year.
The European Union’s anti-Russian sanctions are gradually beginning to hit Russia’s economy. Russia’s exports are the hardest. On Friday, July 15, according to Swissinfo, cited sources from EU Commission experts.
Experts confirmed that targeted trade restrictions are now affecting Russia’s export operations. Their volume before the war was more than 73 billion euros per year, which is almost 48% of the initial exports of the Russian Federation to the EU.
In addition, in the nearly four months since the war began, Russia’s assets worth approximately 13.8 billion euros have been frozen. In particular, these are the funds of Russian oligarchs, supporters and sponsors of the regime of Russian President Vladimir Putin. Nor can the Russians access the billions in reserves of the Russian Central Bank.
“The available data shows very clearly that the sanctions are working. Despite the relatively short period of time, the corresponding impact on the Russian economy has already been achieved. It is also clear that the consequences will be stronger over time,” he said. a senior EU official told the publication on condition of anonymity.
The EU also assumes that production in Russia will decline by 10.4% this year.
Earlier, Germany said it did not intend to ease sanctions against the Russian Federation for the sake of gas supplies.
EU to adjust sanctions against Russia in the seventh package – Reuters
News from Athletistic in the Telegram. Subscribe to our channel Athletistic
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.