EU flags near the EU headquarters in BrusselsMOSCOW, Apr 24 Former Deputy Minister of Economic Development In Italy, Michel Geraci said that the situation in Ukraine could lead to a weakening of Europe, as serious damage would be done to the economy. he is in an interview with Xinhua News Agency. Geraci believes Italy, Germany and a number of countries in Eastern Europe will be in a difficult situation. »We are doing everything wrong. We are imposing export bans that will only harm us,» — he added, citing the EU ban on the export of luxury goods to the Russian Federation as an example. The former deputy minister believes that sanctions are ineffective. «To solve this problem, we will have to resort to diplomacy with Russia. We need to go not only to Kyiv. Moscow,» he said. Western countries have imposed many sanctions in response to the special operation of the Russian Federation to denazify and demilitarize Ukraine. A number of companies announced their withdrawal from the Russian market and the closure of production facilities in the country. Russian Foreign Minister Sergei Lavrov noted that Western companies that refuse to work with Russia did so under enormous pressure, but Russia will solve all the problems with the economy that the West creates for it.
Bloomberg: Germany will get into debt due to sanctions against Russia
