E.U. Prepared to Respond to U.S. Sanctions on Russia

The European Union have threatened the U.S. with possible repercussions if America imposes new sanctions on Russian energy supplies. The sanctions would target any company that contributes to the development, maintenance or modernization of Russia’s energy export. This would affect a pipeline project between Russia and Germany known as Nord Stream 2, which will carry Russian natural gas under the Baltic Sea to Western Europe.

European Commission spokesman, Margaritis Schinas, said on Monday, “We are following the draft bill on Russia sanctions with some concern, notably because of its possible impact on the E.U.’s energy independence.”

If Donald Trump decides to sign the Russian sanctions bill, there is no doubt that the E.U. will retaliate with trade barriers or less co-operation, further isolating the U.S.

Source: NYT

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