sanctions

SANCTIONS AGAINST RUSSIA WILL HURT THE EU

Just as the EU is trying its best to revive a stagnant economy, attempting to mend a fragile debt market and tackle high unemployment, sanctions against Russia will hurt the economies of major EU member states such as Germany,  Britain, Italy, Holland and France  with Germany being hit the hardest.

As a block, the European Union exports about € 100 billion worth of goods and services to Russia and takes in roughly € 200 million of the latter's imports.

Germany

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