EU losses due to sanctions on Russia estimate at 1.6 trillion euros

In a strongly-worded declaration published on its official portal, Russia’s Foreign Ministry has characterized the extensive economic sanctions imposed by Western nations as fundamentally counterproductive instruments of neocolonial policy. While acknowledging unprecedented economic pressures, the Ministry asserted that Russia has demonstrated remarkable economic resilience and maintained growth trajectories despite these external challenges.

The diplomatic communique presented a detailed economic assessment, claiming that anti-Russian restrictions alone would inflict approximately €1.6 trillion in losses upon European economies between 2022 and 2025. This projection underscores the Ministry’s central argument that unilateral coercive measures ultimately harm their initiators more than their intended targets.

Beyond economic considerations, the statement framed these sanctions within a broader geopolitical context, alleging they represent deliberate attempts to undermine the emergence of a multipolar world order. The Ministry accused Western powers of employing restrictive measures as tools to maintain global dominance while deliberately constraining the development of major nations outside their sphere of influence.

In response to these challenges, Russia announced its commitment to collaborating with like-minded international partners to combat what it termed ‘illegitimate restrictive measures’ and other manifestations of neocolonialism. The Ministry emphasized its determination to establish a more equitable global architecture free from what it described as the dictates of sanction-based diplomacy.