the Business expects that the Commission, as already announced, will reflect all attacks on the sovereignty of the EU from the outside and will quickly provide a rigid list of responses. European companies affected by unfair US sanctions, and need effective protection from financial loss.
Almost overnight and without consultation with European allies, the existing exceptions are cancelled and about 120 companies from 12 European countries are under the threat of immediate sanctions from the United States, the Eastern Committee. Under threat are investments in the amount of 12 billion euros that have already been implemented.
in addition, all European gas consumers will have to reckon with additional annual costs of up to four billion euros due to the unprecedented intervention of the United States energy sovereignty to the EU. The shortage of supply will lead to overpricing. New U.S. sanctions at the expense of Europe are completely unacceptable.
Recall that Secretary of state Mike Pompeo has threatened the PA press conference with new sanctions in respect of the pipeline “Nord stream-2”. The previous exemption from business restrictions in connection with the American law on sanctions CAATSA was filmed from 15 July. As a result, all companies involved in the project can be immediately subjected to sanctions.
the Eastern Committee of German economy and is responsible for the development of cooperation with 29 countries of Central, Eastern and South-Eastern Europe, South Caucasus and Central Asia. It accounts for about one-fifth of the total foreign trade of Germany. The organization interacts with the leading associations of the German economy.
