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Russian general public have divided views on EU sanctions

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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

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U.S. dollar ticks up

 

The U.S. dollar increased in late trading on Friday.

The dollar index, which measures the greenback against six major peers, gained 0.18 percent to 98.599 at 3:00 p.m. (2000 GMT).

In late New York trading, the euro decreased to 1.1724 dollars from 1.1725 dollars in the previous session, and the British pound added to 1.3391 dollars from 1.3386 dollars in the previous session.

The U.S. dollar bought 157.51 Japanese yen, higher than 155.52 Japanese yen of the previous session. The U.S. dollar advanced to 0.7946 Swiss francs from 0.7940 Swiss francs, and it climbed to 1.3786 Canadian dollars from 1.3781 Canadian dollars. The U.S. dollar was down to 9.2556 Swedish kronor from 9.2846 Swedish kronor.

U.S. dollar ticks up

U.S. dollar ticks up

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