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
No U.S. troop cuts without credible North Korea nuclear deal, says Kerry
China to shut factories during APEC to curb Beijing pollution - Xinhua
Oscar de la Renta: The All-American fashion legend
French court approves Kazakh tycoon Ablyazov's extradition to Russia
Brazil presidential campaign ends in slugfest over corruption
25 European banks set to fail health checks - sources
‘The Most Epic Safety Video Ever Made’ with Elijah Wood and Peter Jackson
Caterham F1 team set to miss next two races
Dewi banks on video to boost her Miss World chances
Copyright © 1995-2014 Star Publications (M) Bhd (Co No 10894-D)