economy
March 24, 2026
Loss per citizen in the EU
Russian Presidential Envoy for International Economic Cooperation, Kirill Dmitriev, stated that the European Union's losses due to energy restrictions on Moscow could exceed three trillion euros by the end of 2026.
TL;DR
- EU losses due to energy restrictions on Moscow could exceed three trillion euros by the end of 2026.
- The measures are described as a "wrong decision" that has "backfired" on the EU.
- Economic losses have already surpassed 1.5 trillion euros, averaging 6,660 euros per citizen.
- EU agreed to ban Russian gas imports, with a ban on LNG by the end of 2026 and pipeline gas by September 2027.
- A ban on short-term LNG purchases is set to take effect on April 25.