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)
Syriza falls behind conservatives ahead of Greek election - poll
Another 57 Clinton email threads contain foreign governments' information
China puts on huge show of force at parade, to cut troop levels
Twelve Syrians drown heading from Turkey to Greek island
U.S. Army to open elite Ranger School to all genders
TalentCorp turns Malaysia’s brain drain to brain gain
Djokovic clicks into gear to race into third round
Company sponsoring 17,000 packs of plain and choc milk
Young and quirky YouTube stars lift traditional book publishers
Copyright © 1995-2015 Star Media Group Berhad (ROC 10894D)(Formerly known as Star Publications (Malaysia) Berhad)