The sanctions have more negatively impacted the EU economy, rather than Russia’s, as Russia has other alternative trade partners in the East and in the South American region, said Paul Craig Roberts, former Assistant Secretary of the Treasury in the Reagan Administration, in an interview to Radio VR. He added that the sanctions could have positive effect on Russia’s economic development as they would make “the [Russian] Government realize that the dependency on Washington and the dependency on Europe is a strategic error of the highest magnitude.”
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