The total commercial divorce of the EU with Russia could subtract up to 28,900 million from Spanish GDP

In the worst scenario, inflation could increase by up to 1.7 points in Spain and by up to 2.7 in the EU.

The economic and political divorce between the autocratic Russia of Vladimir Putin and Europe is on the way to becoming one of the most expensive in history… for both parties. The Kremlin admitted in April that Russian GDP will sink by around 10% est.