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‘We Are Ready’: If US Sanctions Hurt European Interests, EU Can React ‘Within Days’ – Juncker

  • ‘We Are Ready’: If US Sanctions Hurt European Interests, EU Can React ‘Within Days’ – Juncker
    Europe will come up with an “adequate” response and “within days” if the newly-signed US anti-Russian sanctions law hurts the interests of European companies working with Russia, European Commission Head Jean-Claude Juncker has warned.

    European interests should be always taken into account when it comes to enabling new US sanctions, Juncker said in an interview to the German ARD-Europastudio Brussel.

    “We must defend our economic interests even against the US. And that is what we are going to do,”
    Juncker said.

    “We are ready,” he added, pointing out that EU reserves the right to take retaliatory measures in case its interests are violated. He also drew attention to the fact that the newly-signed US law can have “unpredictable” consequences for the EU in the field of energy security.

    The new US sanctions can affect EU efforts to diversify its energy supply, particularly in the Baltic region, the European Commission head warned. Nevertheless, he expressed hope that the US would still take Europe’s interests into account by saying “the US Congress stated that these sanctions should be imposed only in consultation with the US allies” and he “assumes” that the EU “is still a US ally.”

    Juncker recalled his own statements made during the G-7 meeting in Italy and G-20 meeting in Germany that the EU would be ready to respond within a short period of time in case the US imposes new unilateral sanctions against Russia.

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August 3, 2017 - Posted by | Economics, GeoPolitics | , , , ,

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