The policy has hurt the bloc’s economy, according to the Russian Foreign Ministry EU member states have lost around $1.5 trillion due to the sweeping sanctions introduced against Moscow, Russian Deputy Foreign Minister Aleksandr Grushko said on Friday.
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The St. Petersburg Exchange was included in the latest round of US restrictions The St. Petersburg Exchange (SPB Exchange) announced the resumption of trading in a limited list of Russian securities on Friday. Trading in foreign stocks had been suspended on Thursday after being added to the US sanctions list.
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Housing construction in the EU and UK has fallen sharply due to interest-rate hikes, Bloomberg reported on Thursday. Policies aimed at tackling raging inflation are exacerbating supply-chain issues and sending the cost of loans and building materials soaring, the agency noted.
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