Europe’s €1 Trillion Mistake? Trade Collapse with Russia Cripples EU Economy | Times Now World

The European Union has reportedly suffered economic losses exceeding €1 trillion due to the collapse of trade and energy ties with Russia, according to Russian Deputy Foreign Minister Alexander Grushko. In a recent interview, Grushko revealed that EU-Russia trade has plummeted from €417 billion in 2013 to just €60 billion in 2024. Soaring natural gas and electricity prices have put European industries at a significant disadvantage, especially when compared to the United States. #tnworld #timesnowworld #worldnews #internationalnews #timesnews #newsworld #eu #russia #energycrisis #nordstream #geopolitics #eueconomy #trumptariffs #ukrainewar #gasprices #euvsrussia #usrussia #tradewar #globaleconomy #foreignpolicy #sanctions #europeanunion #putin #donaldtrump #energypolicy ​Subscribe now: http://bit.ly/3VHIl37 Times Now World is your definitive source for comprehensive global news and analysis. At Times Now World, we bring you breaking news and real-time updates on US news, US elections, Trump, Biden, Putin, Zelensky, Russia-Ukraine war, Israel-Hamas conflict, Gaza, China-Taiwan tensions, Hungary news, NATO updates, and EU developments. Stay informed with our in-depth coverage of politics, economics, and current affairs, exclusively on Times Now World. Explore diverse perspectives and expert insights on international relations, technology, and more, all on Times Now World. Engage with dynamic discussions on global issues, including NATO news and EU updates, on Times Now World. Follow compelling stories and impactful reports on Times Now World. Discover the pulse of international affairs with Times Now World's extensive coverage of global events.