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Almost half of the damage from anti-Russian sanctions have on the countries that imposed restrictions. On it informs German newspaper Handelsblatt, citing a study Matthieu Crozet from Leninskogo University of Hong Kong and Julian Hinz from the Kiel Institute for the world economy.
According to them, the total losses from the economic sanctions amount to four billion dollars. 45% of the loss falls on the West and the rest to Russia. Most of the economic restrictions suffering, Germany, which is monthly losing nearly $ 700 million, the newspaper notes.
Also, the study authors found that the French company was unable to compensate for the losses from sanctions at the expense of exports to other countries.
In 2014, the results of the referendum into Russia included the Crimea. Ukraine and several other countries considered the annexation of the Peninsula illegal, but Moscow denies all the accusations. In the same year, the EU and the United States and other countries have imposed against Russia economic sanctions. First they were tied up with the annexation of Crimea, and then — with the conflict in the South-East of Ukraine. In response, Moscow imposed a ban on food imports from countries that supported sanctions. The West associates the abolition of measures with the implementation of the Minsk agreements — the complex of measures to stabilize the situation in the South-East of Ukraine.
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