The head of the Russian Foreign Ministry, Sergey Lavrov, has said that Europe’s business losses due to the anti-Russian sanctions over the past year and a half, according to the most conservative estimates, reached 250bn euros. He said this during an ambassadorial roundtable on the settlement of the situation around Ukraine.
“Over the past year and a half, according to very modest, conservative estimates, European businesses have lost up to 250 billion euros due to Western unilateral sanctions. This is a big figure,” Sergey Lavrov said.
The Russian Foreign Minister stressed that the sanctions against the Russian Federation had aggravated the crisis situation in the world economy.
Earlier, columnist Martin Sandbu said that in case of confiscation of Russian assets, the West may face a situation when other states will want to protect themselves from such actions. According to the columnist, other states, fearing similar measures against themselves, may stop accumulating large reserves in the jurisdictions of Western countries.