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"Eu has lost EU21 Bln in Russia sanctions" : Spain FM

Mon 9th Feb 2015
'Eu has lost EU21 Bln in Russia sanctions' : Spain FM

The EU has lost around EU21 Bln due to sanctions imposed against Russia over the Ukrainian crisis, according to Spanish Foreign Minister Jose Manuel Garcia-Margallo.

"Sanctions have cost all of us dearly; the EU has lost EU21 Bln at this point. In Spain, we have suffered in agriculture and tourism," Garcia-Margallo announced before a meeting of heads of EU foreign ministries earlier on Monday.

Last week, western media reported that on Monday, EU foreign ministers will expand the anti-Russia sanctions list by adding another 19 Russian and Ukrainian officials and 9 organizations.

The internal conflict in Ukraine has become a major point of contention between Russia and the West. The EU, the USA and a number of allied nations have imposed several rounds of restrictive measures against Russia, aimed at weakening the country's defense, banking and energy sectors.

In response, Russia issued a 12 months embargo on food from the EU an USA, banning imports of meat, fruit, vegetable and dairy products.

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