Disinfo: EU sanctions against Russia dealt a big blow to Europe itself

Summary

The sanctions imposed on the Russian Federation have dealt a big blow to Europe itself, as it has lost 250,000 jobs due to economic restrictions.

Disproof

Recurring pro-Kremlin disinformation narrative about Western sanctions on Russia claiming that they have backfired. The claim was neither counterbalance nor critically challenged in the article.

Since March 2014, the EU has progressively imposed restrictive measures against Russia. The measures were adopted in response to the illegal annexation of Crimea and the deliberate destabilisation of Ukraine. According to research into the effect of sanctions, the cumulative export loss to Russia during 2014-2018 is estimated at EUR 30 billion (about -0.2% of EU’s GDP in 2018), incurred largely during 2014-2016, as EU exports to Russia recovered in 2017. Furthermore, most research supports the view that sanctions have worked as planned, noting the drag they have imposed on Russia’s general economic development since 2014. This adverse effect most likely operates by depressing both foreign trade and foreign capital flows into Russia. Russia’s own counter-sanctions have also had a clear negative effect on the welfare of the average Russian household. While these sanctions do effect EU's economy, the EU-wide impacts of the export losses are estimated at less than 0.2% of total value-added and employment.

See similar cases that EU has lost hundreds of billions due to sanctions on Russia and that the EU is suffering from sanctions against Russia.

publication/media

  • Reported in: Issue 218
  • DATE OF PUBLICATION: 27/10/2020
  • Outlet language(s) Arabic,
  • Countries and/or Regions discussed in the disinformation: EU, Russia
  • Keywords: Crimea, Sanctions
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Disproof

Recurring pro-Kremlin disinformation narrative about the illegal annexation of Crimea. Ukraine and Turkey do not wage war against the residents of Crimea. Turkey supports the territorial integrity of Ukraine, including its sovereignty over Crimea. See more disinformation cases regarding Crimea in our database, like claims that reunification with Russia paved the way for Tatar's language in Crimea, that Turkey considers Crimea to be Turkish, that Ukraine buried the main waterway of Crimea - the North Crimean canal or that Ukraine has been barbarically plundering Crimea for 23 years.

NEXTA is the Polish provocative Telegram channel

NEXTA is the Polish provocative Telegram channel.

Disproof

Recurring pro-Kremlin disinformation narrative about the protests in Belarus after the presidential elections in 2020.

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