German here. Yes, it seems pretty obvious these sanctions have harmed Russia more than Europe.
Russia: inflation around 8-9%.
EU: inflation around 2%.
Thank you for the information. I believe that only those who are there can truly describe the situation there, beyond what I read in the media
Recently, a professor I know wrote an article about his impressions of Russia and Germany when he attended meetings in both countries.
Can you help to check what he said?
> Macroeconomic data indicates that the European economy is not doing well, but the economic conditions I experienced during my days in Berlin could be described as depression. What surprised me the most was that there were not many people or cars on the streets of Berlin during the daytime on weekdays. Berlin in early October is not yet cold, but the desolate feeling on the streets does not match the image of the capital of Europe's largest economy. Europe's inflation, which started later than in the United States, has also clearly hurt the lives of the people, which was my perception from conversations with taxi drivers during my rides.
That's not a result of sanction, simply Russia spends 40% of its budget on the war, and Europe spends nothing.