Home > News > World
Wednesday July 30, 2014 MYT 6:37:47 PM
Wednesday July 30, 2014 MYT 6:39:59 PM
BERLIN (Reuters) - Fresh sanctions on Russia may hurt the German economy, but peace is more important, German Economy Minister and Vice Chancellor Sigmar Gabriel said on Wednesday.
"We know that we may suffer economic consequences, we know that trade with Russia is not inordinately large but it has some significance," said Gabriel, adding he thought the sanctions would have an effect on Russia very quickly.
"Nonetheless at a time of war and peace, economic policy is not the main consideration," Gabriel told journalists after a meeting of the German cabinet.
The European Union and the United States on Tuesday announced further sanctions against Russia, targeting its energy, banking and defence sectors in the strongest international action yet over Moscow's support for rebels in eastern Ukraine.
(Reporting by Annika Breidthardt and Madeline Chambers)
Putin's apologist? Germany's Schroeder says they're just friends
EU says Russia/Ukraine gas deal 'very close'
One year after devastating super typhoon, Philippines approves rebuilding plan
Sweden recognises Palestinian state, hopes will revive peace process
Putin's spokesman casts doubt on Crimea report, says never heard of source
China says agrees with U.S. to speed up military conduct talks
Burkina protesters burn parliament, ransack state TV
Belgian club allows Meyiwa's team mate to attend funeral
Two suspected robbers killed in Penampang shootout
Spooky places for Halloween at the cheapest hotels
Copyright © 1995-2014 Star Publications (M) Bhd (Co No 10894-D)