Russia sanctions could hammer German growth - report

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.