EU sanctions have deprived the Russian economy of EUR 1 trillion.

Omissions

• The EUR 1 trillion figure is Kallas's own estimate; no primary statistical source (Eurostat, ECB, IMF, OECD or a national statistics office) publishes a headline 'economic loss to Russia caused by sanctions' figure of EUR 1 trillion.
• Independent expert estimates vary widely and use different metrics (counterfactual cumulative GDP loss vs. actual output). Chatham House (2025) estimates cumulative GDP loss at over USD 1.6 trillion, while other analyses stress the resilience of the Russian economy.
• The claim presents a disputed, model-dependent estimate as an established fact; it omits that Russian GDP actually grew in 2023 and 2024 and that the sanctions' effectiveness is contested among economists.

Sources

• SecondaryEEAS — Statement by High Representative/Vice-President 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."
• SecondaryEuronewsKallas said that the Kremlin had "already paid a high price for the EU sanctions", estimating the economic cost to be at over one trillion euros.
• Secondaryi24NEWSAccording to Kallas, these measures have already deprived the Russian war economy of more than 1 trillion euros.
• SecondaryChatham House — The 'Fortress Russia' economy has adapted well to sanctionsAnd the cumulative US dollar GDP loss is well in excess of $1.6 trillion, according to my estimates using IMF World Economic Outlook data.