: Reuters: Germany's Economy Minister aims to get Russia sanctions lifted
News10:03 Mar. 18, 2016
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Reuters: Germany's Economy Minister aims to get Russia sanctions lifted

"That must be our common goal" - Sigmar Gabriel

Germany's Economy Minister Sigmar Gabriel called on Thursday (March 17) for the European Union to try to create conditions by this summer to lift sanctions imposed against Russia over the Ukraine crisis.

Watch also Russia lost USD 250 billion during two years under sanctions

"That must be our common goal," said Gabriel, whose Social Democrats (SDP) share power with Chancellor Angela Merkel's conservatives.

The West imposed sanctions on Russia two years ago over its annexation of Crimea and support for separatists in eastern Ukraine. Germany and France have said lifting sanctions are conditional on Russia complying with the terms of the Minsk peace process which has stalled.

Watch also EU unity set to be tested over sanctions on Russia

EU governments have extended asset freezes and travel bans on Russians and Russian companies but there is less consensus on whether to prolong more far-reaching sanctions on Russia's banking, defense and energy sectors from July. Full story

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