Ex-member of Russian Duma: Russia loses US$500 billion over aggression against Ukraine.

The Russian occupation of Ukraine resulted in US$500 million in Russia's losses / REUTERS

The Russian occupation of Ukraine resulted in US$500 million in Russia's losses / REUTERS

The Russian Federation has lost about US$500 billion over the annexation of Ukraine's Crimea and the war in Donbas, eastern Ukraine.

Kremlin critic, former member of Russia's State Duma Dmitry Gudkov, who left for Ukraine, announced the figure in an interview for Deutsche Welle's Ukrainian bureau.

"This is about US$500 billion in losses. This is what is visible. Capital outflows, investment losses. These are sanctions against various enterprises that have lost profits (...) And most importantly, Russia, in fact, has found itself in global isolation," he said.

According to Gudkov, Russia will have to recover from this over the course of decades. During this time, the losses caused by the aggressive policy towards Ukraine will increase at least two to three times, he said.

Gudkov also believes these losses tell on ordinary Russians.

"I think 30% of income has been lost over these seven years. This, of course, is Crimea, and the policy that Putin has been pursuing, as there are no reforms," he said.

Read also Russian aggression costs Donbas at least US$50 bln – experts

Previous developments

  • Gudkov was detained in Russia on June 1. Russia's law enforcement agencies raided on his and his family members' homes. Two days later, the politician was released from custody. He is a suspect in a criminal case of property damage by deception or breach of trust. Under this article, he faces up to five years in prison. The plaintiff in the case is the Moscow City Property Department.
  • Gudkov believes that the authorities use criminal prosecution in an attempt to prevent him from participating in elections to the State Duma and the presidential elections.
  • On June 7, 2021, it became known that Gudkov had left Russia for Ukraine because of the criminal prosecution. Later, some media reported that the Russian opposition leader would further relocate to Bulgaria.

Translation: Akulenko Olena

Unian

Read the top-news of politics in Ukraine and the world, the latest political news from the UNIAN news agency.

https://www.unian.info/

Related news

Russia to screen propaganda movie about Donbas worldwide.

Read also: Russian celebrity tank commandress defects to Ukraine, leaks details on Russian involvement in occupied Donbas Since 2014, Russia tried to utilize a century-old Soviet strategy to gain recognition for the puppet statelets it had establi...

Euromaidan Press

Mitigating the Nord Stream 2 impact on Ukraine

Read also: FAQ: Everything you wanted to know about Nord Stream 2 but were afraid to ask (2018) The Nord Stream 2 pipeline consists of two parallel strings, each with a capacity of 27.5 billion cubic meters (bcm), totaling 55 bcm annually. The exi...

Euromaidan Press

Iran election: Hardliner Raisi sweeps to victory amid low turnout - DW News.

Iran election: Hardliner Raisi sweeps to victory amid low turnout - DW News.

A hardline cleric has swept to victory in Iran's presidential election. Officials say Ebrahim Raisi has won nearly two thirds of the vote. The only moderate candidate has already conceded. Raisi is a harsh critic of the West. The US has sanctioned...

Obama-era economic adviser forcefully speaking out against Biden spending plan.

Obama-era economic adviser forcefully speaking out against Biden spending plan.

Fox News' Kevin Corke reports that Larry Summers blasted the plan as 'the least responsible economic policy he's seen in 40 years.' #FoxNews Subscribe to Fox News! Watch more Fox News Video: Watch Fox News Channel Live: FOX News Channel (FNC) is a...

Northern Ireland: A crisis within Unionism?

Northern Ireland: A crisis within Unionism?

Unionists in Northern Ireland say that they feel betrayed by the Prime Minister thanks to Brexit, and the protocol that places a border down the Irish sea. It is feared that violence could return of the province, with the perception that Republica...

NASA's latest ad focuses on being woke, while China focusses on space.

NASA's latest ad focuses on being woke, while China focusses on space.

Rep. Michael Waltz, R-Fla., raises concerns about the agency's priorities and Biden's sudden withdrawal from Afghanistan on 'Fox News Primetime.' #FoxNews #FoxNewsPrimetime Subscribe to Fox News! Watch more Fox News Video: Watch Fox News Channel L...

British troops helping train forces in Serbia

British troops helping train forces in Serbia

Defence Secretary Ben Wallace has visited Serbia, where UK troops have been training Serbian military forces to help build ties. The relationship between the two countries goes back a long way militarily, all the way to the First World War. Sky Ne...

Portugal imposes travel ban on Lisbon to contain COVID Delta variant - DW News.

Portugal imposes travel ban on Lisbon to contain COVID Delta variant - DW News.

A three-day travel ban is in force in Portugal's capital Lisbon. Authorities are worried about the growing number of cases of the coronavirus Delta variant, which is seen to be more infectious than other strains. There are concerns that the varian...