Russia sanctions could hammer German growth - report


  • World
  • Friday, 09 May 2014

Ukraine's acting president Oleksander Turchinov chairs a meeting at the presidential administration headquarters in Kiev, April 30, 2014. REUTERS/Mykhailo Markiv/

BERLIN (Reuters) - German growth could be reduced by up to 0.9 percentage points this year and 0.3 points in 2015 if the EU imposes tougher economic sanctions on Russia for its actions in Ukraine, a German magazine reported

It cited the German section of a European Commission study in which confidential scenarios for all 28 European Union member states were prepared as the bloc debates how to retaliate if pro-Russian separatists prevent Ukraine from holding free presidential elections as scheduled on May 25.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Russia is preparing for contacts with the United States on Ukraine, the Kremlin says
Pope Leo decries leaders who invoke religion for violence and nationalism
Migrants stuck in Mauritania after EU border pact brings crackdown
Oman and India sign comprehensive economic partnership agreement - Oman's state news agency
Ukraine says 180,000 consumers were left without power after Russian overnight attack
Russia sentences Briton who fought for Ukraine to 13 years in prison camp
EU leaders face crunch decision on using frozen Russian assets for Ukraine
Three dead, cargo ship catches fire in drone attacks on Russia's Rostov region
Takeaways from Trump's year-end address to the nation
Bolivia president removes fuel subsidies

Others Also Read