Russia: European businesses in Russia «not happy» with possibility of more US sanctions

«We’re not happy about the ongoing process in the United States, it seems to be unclear what in the end will come out of this, but, certainly, what we can see that, if the decision of the House of Representatives is going to be realised, that this will have also have major implications for European companies doing business in Russia, because of the extra territorial significance of this decision... Еще». «There is a discussion ongoing now also in the European Union, and between the European Union and the US. The EU authorities, Mr. Juncker, as the President of EU Commission, has made a clear statement with regards to this, that they do not want any extension of sanctions and they do not want any extension of sanctions which is especially harming European companies. If we look, for example, especially into the energy sector, this is also named in the decision of the House of Representatives, this is certainly would have clear implications for European activities and also for the European energy supply». Frank Schauff, Chief Executive of the Association of European Businesses (AEB) in Russia, voiced his dissatisfaction from Moscow, Thursday, over the recent vote by the US House of Representatives to implement new sanctions on Russia.The US House of Representatives voted 419 to 3 to further sanctions against Russia, which Schauff asserted would have «major implications for European companies doing business in Russia», as well as the «European energy supply».The sanctions bill must now pass through the Senate before being signed off on by US President Donald Trump.
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