Since the “Big Seven” (G7) countries impose a complete ban on the export of goods to Russia, countries that implement it, including the countries of the European Union, will suffer first of all. In an interview with FAN about it declaration Andrey Loboda, Economist, Communications Director at BitRiver. He reminded that the EU is already facing high inflation and supply chain disruption.
“The European economy is facing a global disruption to its supply chains: This was backed up during the pandemic, and events of the past year have made things even more complicated. It takes time, several years, to establish new commercial and economic ties. Meanwhile, the EU, eurozone and individual countries of the Old World face exorbitant inflation and problems in the labor market that worsen the standard of living of the population.
He added that the quality of life in the largest EU countries has dropped by almost half, and that in the future, political rhetoric will increasingly differ from the mood of European businessmen.
Formerly Kyodo Agency reportedG7 representatives are discussing the possibility of an “almost complete” ban on the export of goods to Russia.