Germany says it won't let economic costs soften resolve on Russia sanctions

BERLIN – Germany’s finance minister says his country won’t let business concerns get in the way of fresh sanctions against Russia, should they become necessary.

The European Union has threatened to impose a third round of sanctions against Moscow unless Russia uses its influence to stop the bloodshed in eastern Ukraine.

Companies in Germany — Europe’s biggest economy — have warned that they face losing billions of euros in business with Russia if sanctions are stepped up.

But Finance Minister Wolfgang Schaeuble says that while further sanctions “will likely affect us…they won’t stop us from doing what needs to be done.”

Schaueble told reporters in Berlin on Tuesday that “the worst thing would be if we allow for international law to be broken.”