German Economy Minister: We will be poorer due to Russia’s war in Ukraine but it’s a small price to pay

German economy minister has warned that his country — Europe’s largest economy — will take a hit following the war in Ukraine.

Robert Habeck told public broadcaster ZDF on Wednesday: “We will be poorer.”

“It is not possible that this ends without costs for the German society, it is unthinkable. I believe that we are ready to pay this price which is small enough compared to the sufferings in Ukraine,” he added.

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