Europe assesses the impact on Russia

The European Union has stated that sanctions imposed on Russia have had a serious impact on its economy, finance.mail.ru reported. According to a report by the European Commission, Russia’s GDP has dropped significantly compared to a scenario without sanctions.

The analysis shows that since 2022, foreign investment into Russia has sharply declined and technological challenges have intensified. Revenues from energy exports have decreased significantly, and the budget deficit continues to grow.

While some sectors have seen an increase in domestic production, the overall economic stability has weakened under the pressure of EU sanctions. According to the EU, this trend may become a long-term obstacle to Russia’s economic growth.