MOSCOW, January 13. /TASS/. Russia’s losses due to EU sanctions amounted to €25 bln in 2015, while losses of the European Union stood at €90 bln in 2014-2015, First Deputy Minister of Economic Development Alexey Likhachev said on Wednesday at 2016 Gaidar Forum.
"We estimate losses from imposed sanctions and response measures as €40 bln in 2014 and €50 bln in 2015 for the European Union. We forecast €25 bln euro losses for Russia [due to EU sanctions] in 2015 or somewhat minus 1.5% [from that figure]," the official said.
The adverse effect for Russia will decline, the official added. "The economy is obviously adapting and companies are adapting to such [sanctions] conditions," Likhachev said.