“Let's take a look at Russia's commodity trade surplus.

I read that this year, when sanctions were adopted, Russia's surplus against the European Union more than doubled from $100 billion to $200 billion. This shows that the sanctions do not work, because they also provoked a rapid rise in prices, and we have seen traders resell oil to Europe at higher prices via Dubai and Abu Dhabi.

So, looking at today's trade surplus in Russia, I see that the sanctions have not worked,” he said.

Earlier, Italian Prime Minister George Meloni said that anti-Russian sanctions are painful for the country.