Last Update 23:29
Thursday, 22 August 2019

Germany warns US over Russia sanctions

AFP , Friday 28 Jul 2017
Sigmar Gabriel
Germany's Foreign Minister Sigmar Gabriel (Photo: Reuters)
Share/Bookmark
Views: 2037
Share/Bookmark
Views: 2037

Germany warned Friday that it would not accept any new US sanctions against Russia that targeted European companies at the same time.

Foreign Minister Sigmar Gabriel underlined the importance of applying economic pressure on Russia over its involvement in the Ukrainian conflict.

But he stressed in a statement that "we will under no circumstances accept an extraterritorial application of these US sanctions against European companies."

"Sanction policy is neither a suitable nor an adequate instrument to advance the interests of national exports and the domestic energy sector."

European nations have lashed out at Washington over the impact of the new sanctions, arguing that they could hurt European companies involved in the construction of a new pipeline that would pump Russian gas under the Baltic Sea directly to Germany.

They fear that the US could use the sanctions to squeeze Russian gas supplies out of Europe in favour of US energy exports.

The EU has also warned of swift retaliation if the US pushed ahead with the sanctions without taking heed of its concerns.

To date, anti-Russia sanctions have been coordinated on both sides of the Atlantic in a common Western front reminiscent of the Cold War.

But on Thursday, the US Senate passed the sanctions package despite European concerns, sending it to President Donald Trump, who must decide whether to accept the tough stance or veto the measure.

Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.
Latest

© 2010 Ahram Online.