Economic Sanctions Against Russia Flop. They Hit the EU Much More than Russia
NOVANEWS
According to The First Comprehensive Study of Anti-Russia Sanctions
By Eric Zuesse
Global Research
Did U.S. President Barack Obama create the anti-Russia sanctions in order to weaken the EU in its competition against America? If so, the policy has been a huge success — it has enormously damaged the EU’s economy. But, if Russia was the actual target — as Obama claimed — then it’s been a total flop: It has produced $100 billion loss to the EU, thus far — almost twice as much as the $55 billion total hit to Russia, and the hit to Russia might be even less than that, maybe even zero, because the harms to Russia included the harms from the plunging oil-prices, which weren’t at all due to the sanctions. Furthermore, the sanctions strongly helped Russia’s economy, in ways tha...