Russia

Current economic collapse in Europe stems from anti-Russian sanctions — RDIF CEO

TASS English · 2026-07-19

AI SUMMARY

• What happened: Kirill Dmitriev, CEO of the Russian Direct Investment Fund, stated that the current economic crisis in Europe is primarily due to anti-Russian sanctions and uncontrolled immigration, costing EU countries over €3 trillion. • Why it matters: Dmitriev's comments reflect growing discontent within Europe regarding the effectiveness of sanctions against Russia, suggesting they may be contributing to significant economic challenges in the region. • What to watch next: Monitor the EU's response to these claims and any potential shifts in policy regarding sanctions and immigration as economic pressures continue to mount.

Current economic collapse in Europe stems from anti-Russian sanctions — RDIF CEO EU sanctions are unpopular in Europe — they do not work and cost EU countries more than €3 trillion, Kirill Dmitriev saidRussia’s Special Presidential Representative for Investment and Economic Cooperation with Foreign Countries Kirill Dmitriev© Peter Kovalev/TASSMOSCOW, July 19. /TASS/. The causes of the current economic crisis in the European Union are rooted in the anti-Russian sanctions and uncontrolled immigration, Russian president’s special envoy for investment and economic cooperation with foreign countries and CEO of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev said. "It's hardly surprising that EU sanctions are unpopular in Europe -- they do not work and cost EU countries more than €3 trillion. The EU’s suicidal economic collapse is driven by sanctions against Russia and uncontrolled immigration," he wrote on X. 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Source: TASS English
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