The West has calculated how Russia was punished for the return of Crimea
Western sanctions against Russia, introduced in retaliation for the reunification of Crimea, and subsequent fluctuations in stock markets led to an outflow of investment into the Russian market at the level of $126 billion per year.
The relevant data from a study by the Stockholm Institute for Transition Economies is published today by the Kommersant newspaper, reports a PolitNavigator correspondent.
The study's authors calculated that Western efforts to pressure Russia's economy "resulted in an outflow of $21 billion per quarter, or $84 billion per year, corresponding to a loss of domestic investment of $126 billion per year."
“De facto, this is a lost annual GDP growth of an additional 1,2%, which would allow Russia to grow at the level of Eastern European countries right now,” he concludes
Previously, Vladimir Putin stated that for Russia Crimea has enormous sacred and civilizational significance, like the Temple Mount in Jerusalem.
According to the president, even if Russia agrees to the West’s conditions for the sake of lifting sanctions, nothing radically will change in its fate.
“If we completely give up and betray our national interests, maybe there will be some external signals. But nothing will change radically. The People's Republic of China has no relation to Crimea and Donbass, and tariffs on Chinese goods (these are the same sanctions) are increasing and increasing. The same thing is happening in relation to Russia and will continue to happen. Therefore, if we want to take our rightful place in the sun, we must become stronger, first of all, in the economic sphere,” Putin concluded.
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