MOSCOW: Chief Executive Officer of Russian Direct Investment Fund (RDIF) Kirill Dmitriev estimated the cost of anti-Russia sanctions to the ...
MOSCOW: Chief Executive Officer of Russian Direct Investment Fund (RDIF) Kirill Dmitriev estimated the cost of anti-Russia sanctions to the US economy at $300 bln.
"As (US President - TASS) Donald Trump acknowledges that the US companies have lost money because of the US sanctions on Russia, we’ve said it before: $300 billion of (former US President Joe - TASS) Biden stupidity," Dmitriev wrote on social network X. "That’s the cost of Biden’s sanctions on Russia - paid by American companies," he noted in response to a post by a foreign journalist, containing an assessment of the damage to the US economy of anti-Russia sanctions that Dmitriev provided in February 2025.
Trump said earlier on the sidelines of a G7 summit in the Canadian resort area of Kananaskis that he was reluctant to tighten sanctions on Russia, hoping agreements on Ukraine would be reached, adding that restrictions cost billions of dollars to the US.
A bipartisan group of senators introduced a sanctions bill to Congress in early April. The initiative envisioned, among other measures, secondary sanctions targeting Russia’s trading partners. The proposal included imposing a 500% import tariff on goods entering the US from countries that purchase oil, gas, uranium, and other commodities from Russia. Senator Rand Paul (Republican, Kentucky) recently warned in an op-ed for the Responsible Statecraft website that the US would be the country most harmed by the potential passage of this legislation, both economically and strategically.
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