Spain: Russia sanctions have cost EU €21bn

GMT 12:59 2015 Monday ,09 February

Arab Today, arab today Spain: Russia sanctions have cost EU €21bn

Sanctions on Russia have hit Spain badly
Brussels - AFP

The EU has suffered 21 billion euros in lost exports as a result of sanctions against Russia over Ukraine, Spain's foreign minister said Monday as he met his counterparts to discuss further measures.
"Sanctions have had a heavy cost for us all, the EU has so far lost 21 billion euros ($23.7 billion). In Spain we have been badly hit in terms of agriculture and tourism," said Jose Manuel Garcia-Margallo, giving the first figure of its kind for the EU.


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