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Russian MP: EU may lose hundreds billion euro from mutual sanctions with Russia

September 30, 2014, 5:01 UTC+3 MOSCOW
"European bureaucracy obeys fully the instructions from the U.S. even if they contradict Europe’s political and economic interests”, Vladimir Gutenev underlined
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Russian State Duma’s deputy head of the committee on industries Vladimir Gutenev

Russian State Duma’s deputy head of the committee on industries Vladimir Gutenev

© ITAR-TASS/Valery Sharifulin

MOSCOW, September 30. /ITAR-TASS/. The European Union may lose from the mutual exchange of sanctions with Russia hundreds billion euro and thousands jobs, the Russian State Duma’s deputy head of the committee on industries Vladimir Gutenev told reporters.

“Clearly, the unreasonable anti-Russian limitations, which the European bureaucracy imposed on its countries violating the international law, rules of the WTO, without considering the UN, the sanctions accompanies with untrue information in the politically motivated media, case tremendous losses for the EU.”

“Its [the EU’s] direct losses from the exchange of sanctions could make hundreds billion euro and thousands jobs, to let alone a significant loss of profit due to affected economic partnership,” the legislator said. “The European bureaucracy obeys fully the instructions from the U.S. even if they contradict Europe’s political and economic interests.”

“Besides, by buying European equipment we are not adding to our security as, we can see, America is capable of influencing also this segment of our relations,” he said.

Thus, he said, “comes a logical question: wouldn’t it be wiser for Russia to ‘look at’ not only China and other South-Eastern countries, but also directly at the U.S. and the U.K.?”

“For example, in aviation construction, while continuing the cooperation with Airbus in supplies of parts, and first of all the titanium products, to arrange deals with Boeing,” he said adding there were enough preconditions already.

He explained in Moscow since 1993 has been working Boeing’s service centre, and from 1998 the company’s design bureau. Russia’s Avisma is Boeing’s partner, which supplies 40% of the titanium Boeing is using.

“Development of cooperation of the kind, of course, will give additional jobs to the American economy and may influence greatly the atmosphere of the Russian-American relations,” he said. “I believe, in this case American policies will become more balanced and pragmatic.”

The deputy said it would be necessary to organise a special governmental commission to analyse possible risks in buying high-tech products and equipment by companies with state shares from countries, which are using economic and political sanctions against Russia.

“Here is moment of the truth. Will the sanctions be lifted soon? Russia has demonstrated exclusively balanced position and did everything depending on it. The president, by having initiated the talks between the opposing sides, favoured the ceasefire in Ukraine’s south-east. We have demonstrated we are ready to move towards Kiev’s authorities in the gas issue, which is not taken unambiguously by the Russian public opinion. Now the ball is the West’s side,” he said.

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