Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

The Supply Of European Goods to Russia Has Fallen by Almost 16 Percent Annually
October 6, 2017 16:11


 Anti-Russian sanctions cost  the EU countries more than 30 billion Euros since 2014. This is stated in the report of the Austrian Institute of Economic Research (WIFO).

Since the introduction of restrictive measures, the supply of European goods to Russia has fallen by almost 16 percent annually. Up to 40 percent of this decline is due to sanctions. As a result, Russia ceased to be the EU's fourth largest trading partner and moved to fifth place. According to WIFO estimates, in 2014-2016, the European Union's supplies only decreased due to sanctions by 11 percent, which is 30 billion Euros.

During this period, Cyprus was particularly affected by the trade restrictions - exports to Russia fell by 35 percent, Greece (23 percent) and Croatia (21 percent). The most sensitive impact of sanctions was in 2014, the experts say. According to the UN, the sanctions against Russia cost the economy of the European Union 3.2 billion dollars a month. The Russian economy, in turn, lost $ 55 billion in three years.


Author: Anna Dorozhkina


Next Previous

You might also find interesting:

eBay Conducted a Study of Internet Exports of Tangible Goods From Russia The Number Of Banks In Russia May be Decreased From 600 to 300 Denis Shtengelov Became a Dollar Billionaire Paris Air Show: Russia Lacks Appealing Marketing Strategy Damage of Forests In Khabarovsk Region

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share


search on the map
Sky And Earth  crime  Russian history  Samara Region  Moscow International Automobile Salon  Russian Cinema  Terrorists  Worker and Collective Farmer  Russian tourism  Red Square  Woodwork  Vandals  Erarta Museum  Russian Traditions  Vladimir Region  Norilsk Nickel  Alisher Usmanov  Yuri Lyubimov  Russian business  Yuri Stepanov  Italy  Mikhail Bulgakov  odd news  Russian National Parks  Russian retirees  Mercedes-Benz Fashion Week Russia  Tatu  St. Petersburg  Garage Art Centre  Nikolai Slichenko  Russian Literature  technology  Exhibitions in Moscow  music  Russian Photographers  Olga Vilukhina  Governors of Russia  Russian events  Moscow  Swarm  Little Tower House  Gazprom  Travel  Archeology  Russian politics  Awards  Ufa  Russian navy  Moscow Architecture  Gourmet Tours 

Travel Blogs
Top Traveling Sites