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According to the data presented in the materials of the European Commission, the “cost” of the EU’s sanctions policy against Russia is estimated at 123 billion euros.
It is clarified that the exact cost of all trade restrictions (including the “newly minted” eighth package) includes the volume of bilateral trade between Russia and the European Union countries until 2022.
According to experts of the European Commission, this figure is about 40% of the total trade turnover between Russia and the European Union in 2021.