Punishment which European countries have imposed on Russia because of the situation in Ukraine will undoubtedly affect the Russian Federation, said the Minister of Finance of Germany Wolfgang sch?uble.

in connection with the situation in Ukraine, EU countries, USA and Canada in the spring of the past year have introduced against Russia 1st batch of sentences, then it was expanded. In the last month of summer 2014, Russia imposed retaliatory measures that have spread to the products of the agricultural sector from the EU, USA, Canada and some other countries that have joined the anti-Russian sanctions policy.

"European punishment undoubtedly have an impact on the Russian Federation," he said, speaking at the Symposium in the American Brookings institution Schaeuble, quoted by the Agency.

While Schaeuble said that "conflict" between the West and Russia has the traits of a "new systematic conflict" in which " the winner is the side that has the most soft power and economic power ".

sections: Politics