U.S. Republicans and Democrats have reached agreement on legislation that allows new sanctions against Russia, Iran and North Korea, leading congressional Democrats said on Saturday, in a bill that would limit any potential effort by President Donald Trump to try to lift sanctions against Moscow.
Germany and Austria have railed against the draft U.S. law, but Poland, the Baltic states, and the Nordic states, among others, are opposed to Nord Stream II which, its critics say, would increase European Union dependency on Russian gas and leave easterly European Union states more vulnerable to Kremlin energy blackmail. The bill provides for counteracting the construction of Russia's Nord Stream 2 gas pipeline as it threatens the energy security of Ukraine and the European Union, proposing to export United States energy to ensure the energy security of U.S. allies.
According to a report by the Financial Times، European Commission President Jean-Claude Juncker has called for an urgent review of Brussels' retaliation strategies should the bans being discussed in US Congress hit European businesses، including energy firms. "That is why discussions about "sanctions themes" - which could potentially obstruct these projects - are a cause of concern for us".
The European Union sounded the alarm on Saturday (22 July) about moves in the US Congress to step up sanctions on Russian Federation, urging Washington to keep coordinating with its G7 partners and warning of unintended consequences.
He said the rhetoric surrounding them was counter-productive and damaging to US-Russia ties.
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The draft USA sanctions law would target Russian energy, financial, railways, shipping, and metals and mining sectors.
In her opinion, European leaders are unhappy with the unilateral actions of the USA, which threaten the energy security of the EU.
A European Commission source told Politico.eu that changes late last week to the United States draft bill "look much better for EU interests".
The draft US sanctions law would target Russian energy, financial, railways, shipping, and metals and mining sectors.
A document note prepared for an EC meeting on Wednesday seen by the daily, states that the European Union "should stand ready to act within days" if the USA measures were "adopted without European Union concerns being taken into account".