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The Russian economy has suffered considerable losses as a result of sanctions imposed as of 2015 due to its aggressive policy. Thus, the losses accumulated by the sanctions of Russia represent 5% of the gross domestic product.
This is what says the head of the budget committee of the Public Council of the Ministry of Finance of Ukraine, Taras Kozak, informs the UATV. GDP I have come across the calculations that cumulative losses resulting from sanctions accounted for 5% of GDP. With a Russian GDP greater than one trillion dollars, it is already a small sum of 50 billion dollars
– said the expert.
He pointed out that sanctions are effective every year and hinder the growth of the Russian economy. The country's economy is generally threatened with growth in the coming years.
"Sanctions imposed on modern advanced technologies prevent the production of more gas or oil and make them deeper, thus reducing development and opportunities." but each of these actions of the Russian Federation will result in new sanctions, "said Mr. Kozak.
He also noted that for the global economy the imposition of sanctions against of Russia was not particularly noticeable
By the way, the special representative of the State Department of Ukraine issues Kurt Volker said that in connection with the Russian attack on ships Ukrainians in the Kerch Strait, Russian banks could be disconnected from the international financial information transfer system SWIFT.
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