Russian Deputy Foreign Minister Alexander Grushko has claimed that the European Union has suffered financial losses exceeding €1.5 trillion (approximately $1.58 trillion) due to sanctions imposed on Russia. Speaking in Moscow, Grushko described these sanctions as a “self-destructive” policy, criticizing the EU for making what he termed a costly political decision. He highlighted that these losses stem from economic measures aimed at Russia, which have instead inflicted severe economic repercussions on the EU member states. Meanwhile, Grushko emphasized that the Russian economy has successfully adapted to the sanctions, displaying resilience despite the restrictive measures. The stark contrast between the outcomes for Russia and the EU underscores the significant financial burden the sanctions have placed on European countries, according to the Russian diplomat. Grushko’s remarks underline his view that the sanctions are backfiring economically on those who imposed them.

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