MINSK, 4 August (BelTA) - The European Union's losses due to the suspension of trade and energy cooperation with Russia have exceeded €1 trillion, Russian Deputy Foreign Minister Alexander Grushko said, TASS reported.
Alexander Grushko noted that according to most expert estimates, the EU total losses from the termination of energy cooperation with Russia and the reduction in trade have already exceeded €1 trillion. In 2013, Russia-EU trade was worth €417 billion. In 2024 it plummeted to €60 billion and is now effectively approaching zero. Alexander Grushko described this situation as “lost profits”.
In Europe, natural gas prices are currently four to five times higher than in the United States, while electricity costs two to three times more, Russia’s deputy foreign minister said. These figures reflect the price European countries are paying for severing economic ties with Russia, the diplomat added
Alexander Grushko noted that according to most expert estimates, the EU total losses from the termination of energy cooperation with Russia and the reduction in trade have already exceeded €1 trillion. In 2013, Russia-EU trade was worth €417 billion. In 2024 it plummeted to €60 billion and is now effectively approaching zero. Alexander Grushko described this situation as “lost profits”.
In Europe, natural gas prices are currently four to five times higher than in the United States, while electricity costs two to three times more, Russia’s deputy foreign minister said. These figures reflect the price European countries are paying for severing economic ties with Russia, the diplomat added
Follow us on:
