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Moscow Claims EU Has Lost $1 Trillion From Ditching Russian Energy

Summary by Oil Price
Russia has put a price on Europe’s withdrawal from trade and energy deals with Moscow in the past three years.  The European Union has lost $1.16 trillion (1 trillion euros) due to the termination of energy and other trade deals with Moscow, Russian media quoted Deputy Foreign Minister Alexander Grushko as saying on Monday.  “There are different estimates. If we talk about the majority of experts, the total amounts to as much as more than a tril…

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(SeaPRwire) – Deputy Foreign Minister Alexander Grushko says the bloc’s economy is weakening due to reduced cooperation with Russia. Russian Deputy Foreign Minister Alexander Grushko says the European Union has suffered losses of more than €1 trillion ($1.15 trillion) so far by significantly reducing energy and trade cooperation with Moscow since the outbreak of the Ukrainian conflict. Speaking to Izvestia newspaper on Monday, Grushko said the f…

The Deputy Minister of Foreign Affairs of the Russian Federation, Alexánder Grushkó, said that the losses accumulated by the European Union (EU) after interrupting its energy and trade cooperation with Russia exceed billion euros, equivalent to more than 1.1 trillion dollars. In statements to the newspaper Izvestia, the senior official recalled that the volume of trade between the two parties went from 417 billion euros in 2013 to just 60 billio…

(SeaPRwire) – Deputy Foreign Minister Alexander Grushko says the bloc’s economy is weakening due to reduced cooperation with Russia. Russian Deputy Foreign Minister Alexander Grushko says the European Union has suffered losses of more than €1 trillion ($1.15 trillion) so far by significantly reducing energy and trade cooperation with Moscow since the outbreak of the Ukrainian conflict. Speaking to Izvestia newspaper on Monday, Grushko said the f…

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mediatalkafrica.com broke the news in on Monday, August 4, 2025.
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