DISINFO: European sanctions against Russia cost tens of billion euros to French farmers
DISINFORMATION CASE DETAILS
  • Outlet: RIA (archived)* fr.sputniknews.com (archived)*
  • Date of publication: October 12, 2021
  • Article language(s): Russian, French
  • Reported in: Issue 263
  • Countries / regions discussed: Russia, France, EU
Tags:
Sanctions Economic difficulties economy

DISINFO: European sanctions against Russia cost tens of billion euros to French farmers

SUMMARY

The European sanctions are unfair and counterproductive. The French economy and agriculture have lost tens of billions of euros due to these sanctions.

RESPONSE

Recurrent disinformation message against European sanctions labelling them as unfair and counterproductive and claiming that they hurt Europeans while benefitting Russian economy.

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), and occurred largely during 2014-2016, as EU exports to Russia recovered in 2017. While these sanctions do affect the EU's economy, the EU-wide impacts of the export losses are estimated at less than 0.2% of total value-added and employment.

The exports on the Russian market of French agricultural products represented only about 3%, so sanctions did not necessarily lead to a loss since new markets were found for many products. Different evaluations of the loss that sanctions imply for the French and European agriculture have been made and vary between 200 million and a few billion but the meaning of those figures should be put in perspective because exports to Russia were reduced also for other reasons and new markets were opened.

Read also related cases: Sanctions are beneficial to Russia so the West should recognise Crimea as Russian, FT: Thanks to sanctions Russian agriculture strengthens its position in the world, EU sanctions fail to isolate Russia and isolate Europe instead, Western sanctions are illegal and hostile actions.

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Cases in the EUvsDisinfo database focus on messages in the international information space that are identified as providing a partial, distorted, or false depiction of reality and spread key pro-Kremlin messages. This does not necessarily imply, however, that a given outlet is linked to the Kremlin or editorially pro-Kremlin, or that it has intentionally sought to disinform. EUvsDisinfo publications do not represent an official EU position, as the information and opinions expressed are based on media reporting and analysis of the East Stratcom Task Force.

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