July 23, 2017 – Fort Russ News –
Brussels is preparing to retaliate if Washington adopts new sanctions against Russia without taking EU interests into account, according to a memo obtained by the Financial Times.
European Commission President Jean-Claude Juncker has requested an urgent review of Brussels’ options for retaliation in the event that European energy companies and other business were to be targeted by the new anti-Russian sanctions being proposed by the US Congress.
The new sanctions’ targets do include restrictions in the energy sector, and specifically target the Nord Stream 2 project, a joint venture involving Russian energy giant Gazprom and energy companies from Germany, France, Austria, the Netherlands and the UK to bring Russian natural gas to Western Europe via a pipeline in the Baltic Sea. The bill explicitly threatens to target European companies working with Russia on the project.
It’s always interesting to see the amount of disrespect that the US Congress shows its apparent allies across the Atlantic – it seems to simply not matter how much financial damage the Europeans sustain due to Washington’s decisions in their relationship with Russia.
A reminder that over the weekend, US Congress had reached a bipartisan agreement on broad new sanctions legislation against Russia for its alleged meddling in the 2016 US presidential election. A vote on the bill is expected on July 25th.