A recent Sputnik review of Eurostat data discovered that European Union countries had to pay some €185 billion extra on natural gas over the past 20 months after cutting themselves off from cheap, dependable Russian pipeline gas. Check out Sputnik’s infographic for details on the losses, and on who benefited from the EU’s shortsightedness.
President Vladimir Putin was right when he predicted Russia would overtake Germany on the list of top economies by purchasing power parity (PPP), former Austrian Foreign Minister Karin Kneissl has said.
Despite sweeping Western sanctions targeting Russia, the expansion of the country’s manufacturing sector reached a record-high pace for the last seven years in December, according to Standard & Poor’s (S&P) credit rating agency.
US President Joe Biden will sign an executive order (E.O.) imposing restrictions on imports of certain Russian goods, including diamonds and seafood, the White House said on Friday
Sputnik recently conducted a financial assessment, revealing that the total losses incurred by Western companies that withdrew from Russia following the onset of the special military operation are approximately 17 times greater than McDonald s net profit for 2022. These losses are also comparable to the GDP of Slovenia.