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Thursday, March 23, 2017

The West lost on the anti-Russian sanctions of more than $ 60 billion

Lost profit of the countries that joined the anti-sanctions, from December 2013 to June 2015, amounted to 60.2 billion. Such data leads the French research center CEPII the world economy.

photo: Gennady Cherkasov

Before the crisis Russia was 2.3 percent of the exports of countries that supported sanctions. For the duration of the restrictions, the likelihood of supply decreased on the average by 8-14 percent, while the cost — to 3.5-7.5%.

At the beginning of the cooling of relations (February-July 2014) the decline in exports amounted to an average of 14.6 percent, while the ruble against the dollar over the same period has decreased only on 6%, writes “Kommersant”.

After the introduction of formal restrictions in August 2014, the decline in shipments was 12.9 percent, with exports of banned products decreased to 90 percent.

75 percent of the losses occurred in the EU, while stronger than all Germany has suffered — its monthly losses estimated at $ 830 million. Followed by Poland, Holland, France.

The sanctions also hit by the Ukraine — she is losing the sanctions war with Russia for 450 million dollars every month.

Note that 1 July, Brussels announced the extension of sanctions against Russia by six months because of alleged lack of progress in implementing the Minsk agreements.

In turn, the Russian President’s adviser Sergei Glazyev a few months earlier said that the sanctions caused damage to the financial industry $ 250 billion.

Sanctions . Chronicle of events

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