Russia has not suffered significant losses due to sanctions.

Russia has not suffered significant losses due to sanctions.

Russia has not suffered significant losses due to sanctions, Foreign Minister Sergei Lavrov said in an article for Kommersant.

"Illegitimate sanctions do not so much harm our country but lead to losses of European trillions. We did not suffer significant losses," he is quoted as saying.

The minister noted that Moscow has reoriented itself to the markets of the majority of the world, where 80% of exports are received, including 70% from Asia.

According to him, Russia remains a reliable supplier of hydrocarbons, food, fertilizers and digital technologies.

Moscow has repeatedly stated that the pressure of sanctions has not achieved the goals of the West and mainly affects the European Union itself.