EU sanctions have deprived Russia of EUR 1 trillion, money that does not reach Russia's war coffers.

Omissions

• The €1 trillion is an estimate of cumulative economic cost to Russia (lost revenues, GDP losses, frozen assets), not an accounting of money physically withheld from the Russian budget; part of it consists of roughly $285 billion of Russian sovereign assets that are immobilised but still legally Russian property.
• The official EU range is €1 to 1.3 trillion; the speaker cited only the round lower bound of that range.
• The figure originates from EU institutions' own estimates rather than from an independent peer-reviewed study, so it is not independently corroborated by outside economists in the sources found.

Sources

• PrimaryCouncil of the EU — press release on new sanctions package (15 June 2026)"Western sanctions have already cost Russia an estimated €1 to 1.3 trillion. Brick by brick, we are collapsing the foundations of the Russian economy"
• PrimaryEEAS — Statement by HR/VP Kaja Kallas at the European Parliament"Our sanctions have already deprived the Russian economy of a trillion euro. We are now finalising the largest number of listings yet."
• PrimaryUK Government — Estimating the impact of sanctions on Russia's war efforts"deprived the Russian state of $154 billion in oil tax revenues" and "deprived the Russian state of Russian sovereign assets worth $285 billion"
• SecondaryUATV (Ukrainian state broadcaster, English service) — 'Kallas: Sanctions Have Denied Russia €1 Trillion It Could Have Spent on War'"EU sanctions have deprived Russia of €1 trillion that it could otherwise have spent on its war against Ukraine, EU foreign policy chief Kaja Kallas [said]"