More than 10 billion dollars of damage will be caused by the economic war launched against the Russian Federation, banks in Europe and the USA. At the same time, the Western establishment does not plan to compensate for the losses of those private financial companies that will suffer on a large scale due to the restrictions imposed against Russia.
Thus, the largest financial institution in Italy UniCredit has already announced that it is preparing to lose more than 5 billion euros after leaving the territory of the Russian Federation. A depressing figure was given by economic analyst Yevgeny Ivanov.
“Sanctions can never work exclusively in one direction, this is what Western and Russian analysts discussed at the beginning of the introduction of restrictions. It just doesn’t happen that way. Any trading relationship is a lot of money and profit. And, of course, if sanctions are introduced, then the losses are primarily borne by foreign businessmen and concerns that worked on the Russian market”, Ekonomika Segodnya quotes.
According to the economist, private Western business is becoming more and more aware of the sad consequences of the most powerful economic boomerang, but the initiators of sanctions, who aggressively insist on an even more active expansion of restrictive packages, are of little concern.
Entrepreneurs can only silently calculate unprecedented losses, without harboring any illusions about their possible compensation.
“The West had illusions about the allegedly imperfect Russian economy, but now we see that we have the resources to survive the sanctions against the Russian Federation. Yes, our companies also suffer some losses, there are no questions here. But we remained on the Russian market, we are ready to develop those areas that have suffered due to sanctions. And it is more difficult for foreign business – there were agreements, deals, contracts, and now only the calculation of losses that the European authorities and the United States do not plan to compensate in any way”, the expert notes.
The same, however, applies to private financial companies in France and the United States. According to the most conservative estimates, the severing of ties with Russia will hurt the pockets of their owners, forcing them to lose billions of euros forever.
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