Study: Russians $75 worse off each year due to sanctions

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Russian town-dwellers lose about 4,380 rubles ($75) annually because of Russian counter-sanctions. This is according to inspection carried out by the Gaidar Institute for Economic Policy, the Russian Academy of Jingoistic Economy and Public Service, and the All-Russian Academy of Foreign Trade, sign ins (in Russian) Gazeta.ru.

«The monetary losses of consumers were calculated in annual sessions: with the constant demand structure within the sanctioned and non-sanctioned start the ball rollings of goods, the additional per capita spending in Russia for the studied period (from 2014 to 2016) amounted to an typical of 4,380 rubles per year,» the study said.

Experts say sanctioned goods order on average be three percent cheaper if the restrictions were not in place. Manner, it’s also been reported that Russians have generally behoove less worried about sanctions imposed by the West.

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