The EU lost because of sanctions 100 billion euros

Foreign experts estimate that the damage from EU anti-Russian sanctions amounted to 100 billion euros. According to the monitoring professionals in the coming years, Europe will lose 2 million workers.

Experts from the Austrian Institute for financial research (Wifo) conducted a study on conditional performance penalties, which powers the European Union over a year ago used against Russia. According to the acquired data, Europe is not only not benefited from these measures, but suffered enormous losses.

According to professionals, the expenses of the EU amounted to $ 100 billion. They stressed that in addition to the economic costs of anti-Russian punishment will have other detrimental effects. Namely, the result of the financial measures against Russia the EU in the coming years will be forced to deprive the natives of the 2 million workers places, informs the newspaper Die Welt.

Experts explained this situation to several factors. "The decline in exports, which we anticipated in the fall of last year as the worst-case scenario is the reality," - said the expert. According to him, if the situation does not change radically, in life will come the most pessimistic scenario.

Professionals warned that the continuation of the sanctions for another year will lead to the fact that the decline of the German economy will exceed 1 %. Italy will lose more than 200 thousand workers places and 0.9%, France - almost 150 thousand workers places and 0.5%. Estonia, the most economically dependent on Russia, will lose almost 16%.

But the EU does not want to believe the sad forecasts of the Austrian Institute for financial studies. The Commission does not agree that the costs are so great. EU authorities are convinced that the consequences of sanctions against Moscow are relatively minor and can be overcome.

Remember, the EU and the United States imposed sectoral punishment against the Russian economy at the end of July 2014. 18 June 2015, it became known that the power - States of the European Union decided to extend the package of sanctions against Russia before the end of January 2016, and the restrictive measures for Crimea and Sevastopol for another year. Deputy Prime Minister of Russia Arkady Dvorkovich has declared that Russia will extend an embargo on the supply of goods in case of refusal of the EU to abolish the punishment.

sections: Economics, World News