ECB's Weidmann says sanctions would put brake on Russian economy

BERLIN (Reuters) - Sanctions against Moscow over its annexation of Crimea would compound the impact on the Russian economy after already massive capital outflows, the president of the German central bank said on Tuesday.

"The escalation of the conflict has resulted in massive capital outflows, to a significant fall in value of the rouble and to a rise in financing costs and therefore a negative impact on confidence," Jens Weidmann told an audience in Berlin.