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Russian general public have divided views on EU sanctions

China

China

China

Russian general public have divided views on EU sanctions

2025-07-24 22:11 Last Updated At:07-25 11:17

Russia's general public's reactions to the European Union's latest sanctions remain split, as the country is downplaying their impact on its critical oil and energy sector.

The EU's 18th sanctions package, its toughest one so far, took effect last week, targeting transactions linked to the Nord Stream gas pipelines and shadow fleet tankers.

Experts said that while new sanctions will complicate existing business routes and force businesses to look for new channels, they are unlikely to have an immediate impact or cripple the Russian economy that grew by 4.3 percent last year, compared to 0.7 percent in the Eurozone, stressing these restrictions are far more damaging to the bloc.

Officials said the country has already adjusted to earlier sanctions, pointing to 2022 as the hardest year, when Russia became the world's most sanctioned nation.

Economists are suggesting that Russia should respond to western curbs, targeting assets of western companies that used to operate in Russia.

Public reactions are mixed. Some citizens say the sanctions are barely felt and will not produce tangible effects.

"We live and we will continue to live. There have been so many packages before. We will somehow overcome it," said Diana, a resident.

"I think they are introducing sanctions because of hopelessness. They don't know how to hurt and to humiliate Russia. We don't feel here any effect on our life," said Marina, another resident.

Still, some admit the measures have disrupted everyday routines.

"Life has become more difficult -- payments, traveling, movement -- they have created problems," said Ivan.

"We discuss it in the family every day. We are tired of it. It’s very difficult," said Liuyda.

The new restrictions come as the conflict in Ukraine shows no signs of abating.

Russia said its resolve to achieve its goals in Ukraine will not change and the threat of more sanctions is unlikely to make Moscow change its course.

Russian general public have divided views on EU sanctions

Russian general public have divided views on EU sanctions

As much as 37 percent of Americans saw their debt increase during this year's holiday shopping season, with average debt rising to 1,223 U.S. dollars from 1,181 dollars last year, according to the latest holiday debt survey of LendingTree, the nation's online loan marketplace.

The survey, conducted earlier this month among more than 2,000 U.S. consumers, found that rising tariffs and higher prices have put additional pressure on household budgets.

In a statement, LendingTree's chief consumer finance analyst Matt Schulz said the strain becomes more pronounced during the holiday season, as many consumers are reluctant to change long-standing shopping traditions, even as costs rise, leading to higher debt levels.

According to the survey, 63 percent of borrowers expect it will take three months or longer to repay their holiday-related debt, while about 41 percent said they are still paying off debt from last year. Schulz warned that if borrowers need six months to a year or more to repay their balances, the situation becomes more serious due to high credit card interest rates.

Data from Bankrate show that the average U.S. credit card interest rate currently exceeds 20 percent.

Meanwhile, U.S. consumers have grown increasingly pessimistic about their financial situation. Data released on Tuesday by The Conference Board showed that the U.S. Consumer Confidence Index fell for the fifth consecutive month in December, dropping to 89.1, the lowest level since April, amid deepening anxiety over jobs and income.

Over one-third of Americans rack up holiday debt: survey

Over one-third of Americans rack up holiday debt: survey

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