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EU Lost 21 Billion Euros Over Anti-Russian Sanctions - Spanish FM

© REUTERS / Muhammad HamedSpanish Foreign Minister Jose Manuel Garcia-Margallo speaks during a joint news conference with his Jordanian counterpart Nasser Judeh at the Ministry of Foreign Affairs in Amman January 12, 2015
Spanish Foreign Minister Jose Manuel Garcia-Margallo speaks during a joint news conference with his Jordanian counterpart Nasser Judeh at the Ministry of Foreign Affairs in Amman January 12, 2015 - Sputnik International
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Spanish Foreign Minister Jose Manuel Garcia-Margallo said that European Union lost 21 billion euros (around $24 billion) due to sanctions against Russia. Spain suffered in agriculture and tourism.

People are pictured through a window at the European Parliament in Brussels. - Sputnik International
EU Parliament May Vote on New Anti-Russia Resolution on February 12
BRUSSELS, (Sputnik) – The European Union has lost approximately 21 billion euros (around $24 billion) because of sanctions imposed against Russia over the Ukrainian crisis, Spanish Foreign Minister Jose Manuel Garcia-Margallo said Monday.

"Sanctions have cost all of us dearly; the EU has lost 21 billion euros at this point. In Spain, we have suffered in agriculture and tourism," Garcia-Margallo said before a meeting of heads of European Union foreign ministries.

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 nine organizations.

Employees of German carmaker BMW work on the production of the new electrical vehicle i3 at the plant in Leipzig - Sputnik International
German Business Hopes for End to EU Sanctions Against Russia
The internal conflict in Ukraine has become a major point of contention between Russia and the West. The European Union, the United States 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 instituted a one-year embargo on food from the United States and Europe, banning imports of meat, fruit, vegetable and dairy products.

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