Over 31 million tourists visited Spain in 2021, of which only 134,242 were Russians. | Josep Bagur Gomila

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The negative impact the Russian invasion in Ukraine and the subsequent sanctions imposed on Russia will have on the Spanish tourism industry is likely to be small, Spanish Tourism Minister said on Friday.

"The volume of Russian tourists was already very small because of the pandemic," Minister Reyes Maroto said on local TV station TVE.

She said her ministry is preparing advertising campaigns in the U.S. to boost the number of tourists eager to cross the Atlantic to compensate the shortfall.

Over 31 million tourists visited Spain in 2021, of which only 134,242 were Russians, according the National Statistics Institute (INE).