West has lost billions trying ‘to teach Russia a lesson’ – Lavrov ...News

Sanctions designed to hurt Moscow are destroying the global economy, the foreign minister says EU businesses have lost at least €250 billion ($266.6 billion) due to the sweeping sanctions imposed on Moscow, Russian Foreign Minister Sergey Lavrov stated on Wednesday. According to the top diplomat, these are “very conservative estimates” of the damage that the West has inflicted on its own businesses over the past year-and-a-half by introducing unilateral sanctions. Russia-EU trade turnover totaled $200 billion in 2022 and is expected to drop to less than $100 billion by the end of 2023, according to the Foreign Min

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