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“Of course, the EU will experience damage from the sanctions. But
this damage will not be significant enough for EU, which is under
great pressure of the U.S., to cancel these sanctions quickly,” Gromyko
told Interfax on July 30.

“Everything depends on the situation in Ukraine and around it.
Sanctions were introduced for one year. In three months EU leaders will
gather in order to analyze the consequences of these sanctions. If a
solution mutually beneficial for Russia and the West is not found and
tension in Ukraine remains, the restrictions introduced for one year, at
least for one year, will be in effect,” the expert said.

In any case the damage from sanctions will be mutual and further
cooling of relations between Russia and the EU should be expected,
Gromyko said. “Sanctions have never led to improving relations. It is
quite logical to suppose that the introduction of the third wave of EU
sanctions against Russia will lead to further deterioration of relations
between them. And as to the future, in the coming month Russian market
participants and those in the countries introducing these sanctions will
suffer from these sanctions,” he said.

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