Putin assesses losses of Europe and Russiafrom sanctions

Putin assesses losses of Europe and Russiafrom sanctions

Russian President Vladimir Putin said that Russia and Europe both have endured losses as a result of the sanctions standoff, but the losses that Europe has encountered are far more serious in some respects.

"Europe has lost roughly the same, according to their estimates," the head of state told TASS in an interview for the special project "20 Questions with Vladimir Putin".

He noted that Europeans "have been losing even more sensitive things."

As an example, Putin pointed to job cuts in European countries, brought on by dwindling trade with Russia. "Right now, we have the lowest unemployment in history. Here, we lost nothing," the president said, noting that the sanctions were having adverse effects on both sides.

"It is bad because it is distorting the entire global and European economic space. Competition should be natural without any external restrictions," Putin said.


Vestnik Kavkaza

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