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Russia sanctions
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Russia sanctions: EU concerned over US measures

26/07/17Energy

The EU has expressed concern regarding US plans to impose new sanctions on Russia, amid unease they could damage energy companies.

The US House of Representatives voted in favour of the measures, despite opposition from President Donald Trump.

The bill is likely to complicate Trump’s hopes of improving relations with Russia.

It aims to penalise Russia for alleged interference in the 2016 US election.

In a statement, European Commission President Jean-Claude Juncker said: “The EU is fully committed to the Russia sanctions regime.”

However, he warned of “unintended unilateral effects that impact the EU’s energy security interests”.

Several European nations, including Germany, are said to be angry because the new law could penalise companies working on pipelines from Russia, for example by limiting their access to US banks.

The legislation, which also includes sanctions against Iran and North Korea over ballistic missile tests, still needs to be passed through the US Senate before it can be sent on to the president to be signed.

It is unclear whether the president will veto it.

Pan European Networks Ltd