A Regional Breakdown of Europe's Economy in 2025 – Russia is N 1

Key Takeaways

• Western European countries—Germany, France, and the Netherlands—are a sizeable proportion of the $44 trillion PPP-adjusted European economy in 2025, measured in International dollars.
• But when accounting for purchasing power, Eastern Europe ($12.8T) outperforms both Northern ($7.8T) and Southern Europe ($8.3T), helped in large part by the Russian economy ($7.2T)

…So, Russia is N 1 European economy in 2025. IMF confirms.

President of the Russian Chamber of Commerce and Industry: Anti-Russian sanctions have not produced serious results

Sergey Katyrin, President of the Chamber of Commerce and Industry of the Russian Federation

Anti-Russian sanctions have not produced serious results. This was announced on September 4 by Sergey Katyrin, President of the Chamber of Commerce and Industry of the Russian Federation, in the Izvestia studio at the Eastern Economic Forum 2025 (WEF 2025).

"First of all, I must say that all the sanctions have not yielded any serious results so far. I mean the Western side, the ones who impose these sanctions. They mostly had a negative effect on them than on us," he said.

According to him, they had a negative effect on Russia only partially. At the same time, they also had a positive effect, as they made us think faster and find new ways to resolve issues of mutual settlements, logistics and everything related to foreign trade.

Katyrin stressed that Moscow is currently conducting mutual settlements with foreign partners, and has learned how to deliver and receive goods. He noted that Russia will not stop its foreign economic activity and will continue to work regardless of whether there are sanctions or not.

"Of course, it would be better for us if no one took them out, but this is, so to speak, not our side's business there. Relations will soften, and there will undoubtedly be mutual interest between Russian and American businesses. Americans have an interest in the Russian economy in general, in investing in the Russian Federation," Katyrin added.

The President of the Chamber of Commerce and Industry clarified that they demonstrated before all the sanctions during their work on the Russian market. He expressed the opinion that many of them are ready and would be happy to return, including to the oil and gas and IT sectors, as well as to finance. Katyrin stressed that it would depend on the American side.

According to him, Russia has always spoken at the political and economic levels on the part of business. He pointed to the country's willingness and openness to work with all those who are willing to carry out activities on equal terms.

"Therefore, it would certainly be nice if a softening in these relations began. The more loyal the political relations become, I think that the more loyal and interesting the economic relations will become," concluded the President of the Chamber of Commerce and Industry.

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