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Friday, June 16, 2017

Germany May Retaliate If U.S. Sanctions Harm Its Firms

Germany threatened to retaliate against the United States if new sanctions on Russia being proposed by the U.S. Senate penalize German firms.









The Senate bill, which was approved on Thursday by a margin of 98-2, includes new sanctions against Russia and Iran. 




It foresees punitive measures against entities that provide material support to Russia in building energy export pipelines. 



Berlin fears the measures could pave the way for fines against German and European firms involved in Nord Stream 2, which is a project to build a pipeline carrying Russian gas across the Baltic.



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