Because of the conflict with Ukraine, Russia had already lost more than $ 50 billion
Because of the conflict with Ukraine, Russia had already lost more than $ 50 billion
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The country is rapidly suspend economic cooperation.
Due to the aggression against Ukraine, Russia itself and paid the price. If she had not prevented the signing of the Association agreement of Ukraine with the EU, its losses would have amounted to about $ 10 billion. Now they are five times more – more than 50 billion dollars.
The reduction of trade turnover between the countries took place at a rapid pace. This was stated by the Director of international development at the Russian Institute of contemporary development and member of the expert group “European dialogue” Sergey Kulik, writes “Novaya Gazeta”.
Russian exports to Ukraine has decreased three times in comparison with 2013 (from 24 billion dollars to 8 billion dollars). Moreover, for some groups of products (perfumery and cosmetic products, railway equipment, glass, etc.) the share of the Ukrainian market was more than 20% – in many cases, Russian suppliers have been unable to find alternative markets. Only import substitution in the defense-industrial complex, the loss of orders for Ukrainian enterprises and civil risks for the banking sector has cost Russia $ 50 billion – five times greater than expected damage from Ukraine’s Association with Europe, underlines Kulik.
Meanwhile, Russia is also lose from Western sanctions. Experts predict a further fall of the ruble.
Videorecorde falling: on the Moscow stock exchange the Euro for the first time in two years exceeded 80 rubles
Through us sanctions in Russia record a record depreciation of the ruble. The Euro on the Moscow exchange for the first time in two years exceeded 80 rubles. A bit more expensive and the dollar, the price of 64 rubles. The Russian currency depreciates since the beginning of the week amid fresh us sanctions for interference in elections.
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