Kremlin warns new United States sanctions on Russian Federation would be 'harmful'

27 July, 2017, 14:37 | Author: Brian Mcdaniel

Should the U.S. president sign it into law, it would be possible to remove the sanctions only by adopting another piece of legislation.

The sanctions on Russian Federation were drawn up in part to further punish its annexation of Crimea from Ukraine in 2014.

Foreign Minister Sven Mikser (SDE) didn't want to speculate what the sanctions could be in detail, but stressed that united action was essential.

Corker says he's dropped his objections.

The US Congress is now poised to pass a sanctions regime which will jeopardise investment in Nord Stream 2. It is appropriate. After all, it is Congress that the Constitution empowers to regulate commerce with foreign nations, ” House Foreign Affairs Committee Chairman Ed Royce (R-Calif.) said, quoted by The Hill.

"The US is continuing hostility towards Iran and Iran will definitely respond to US sanctions", Rouhani reportedly said during a cabinet meeting Wednesday.

European business was considerably alarmed by the situation with the anti-Russian sanctions, the Russian envoy said.

The European Union is reportedly discussing retaliatory measures against the American legislation, according to the FT, should it become law.

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"We are working with our European partners on implementing a number of large-scale projects", said Peskov, when asked about the possible impact of the new USA sanctions on projects like Nord Stream 2. House GOP leaders are urging the Senate to act quickly.

Yet while Russia's adverse reaction is to be expected, and will likely lead to immediate counter sanctions, perhaps coupled with the expulsion of the aforementioned 35 diplomats as well as confiscation of United States properties in Russian Federation, it is the EU's response that will be closely watched.

A document note prepared for an EC meeting on Wednesday seen by the daily, states that the European Union "should stand ready to act within days" if the USA measures were "adopted without European Union concerns being taken into account".

"America first can not mean that Europe's interests come last", Juncker said. █ █ █ █ █ █ █ █ █ █ █ █ Germany to examine Russian Federation sanctions Germany says it will examine a new package of U.S. sanctions against Russian Federation approved by the House of Representatives amid concerns that the measures could affect European businesses.

He does not even admit that Russian Federation meddled in our elections, choosing to give more credibility to Vladimir Putin's denials than to the conclusions of USA intelligence agencies.

Lawmakers passed the legislation, 419-3, clearing the far-reaching measure for action by the Senate. The bill also asks the treasury to prepare a report in the next six months on the potential impact of expanding debt-related sanctions to include sovereign debt, as well as the potential impact of expanding sanctions to some oligarchs found to be close to the state and parastatal companies.

One of the main changes they influenced was to increase the threshold for Russian participation in an energy project from 10% to 33%, in order for it to qualify for sanctions.

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