Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

"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.

Recommended Reading :

* Russian Millitary to spy on Spain

* Spain assumes seats on security council

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs