EU Losses from Termination of Cooperation with Russia Exceed 1 Trillion Euros: MFA
TEHRAN (Tasnim) – EU losses from termination of energy cooperation and trade with Russia exceed 1 trillion euros, Russian Deputy Foreign Minister Alexander Grushko said.
"There are different estimates. If we talk about the majority of experts, the total amounts to as much as more than a trillion euros taking into account losses from termination of energy cooperation with Russia, from the curtailment of trade. In 2013, our trade was worth 417 bln euros, last year it equaled 60 bln euros, now it is practically approaching zero. This is lost profit," he told Izvestia, TASS reported.
The cost of natural gas in Europe is 4-5 times higher than in the US while electricity is 2-3 times more expensive, Grushko added.
"This is the price that Europe has to pay for curtailing all economic contacts with Russia," he said.
