Russia sanctions have cost EU 21 bn euros: Spain

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.

AFP| Last Updated: Feb 09, 2015, 16:45 PM IST

Madrid: 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.