The EU has opposed any US sanctions against European companies

The EU strongly opposes any us sanctions against European companies, as extraterritorial restrictions are contrary to international law, according to a statement from the EU’s high representative for foreign affairs and security policy, Josep Borrel.

“The EU is deeply concerned about the growing number of cases of US sanctions or threats of sanctions against European companies and their interests. We see this trend concerning Iran, Cuba, the International criminal court, and, more recently, about “Nord stream-2” and “Turkish stream.” The European Union firmly opposes any us sanctions against European companies pursuing their legitimate business interests, and believes that extraterritorial restrictions are contrary to international law.”

“European policy should be determined in Europe, not by third countries,” Borrel said. At the same time, he clarified that in those areas where “the interests of foreign and security policy [of the EU and the US] coincide, the use of coordinated and targeted sanctions, which are imposed by all partners, is of great value.” “When political interests differ, the EU is open to dialogue, but negotiations cannot be carried out under the threat of sanctions,” the head of European diplomacy stressed.

Recall that on Wednesday, US Secretary of state Michael Pompeo announced the extension of the American law CAATSA (“On countering America’s adversaries through sanctions”) to the “Nord stream-2” gas pipelines and the second line of the “Turkish Stream,” requiring participants in Russian projects to “get out immediately.” The Russian Foreign Ministry noted that the sanctions now affect US allies in Europe.

In the Kremlin, the US Secretary of state’s threats to the participants of “Nord stream-2” was called an attempt of unfair competition and exerting rough pressure on business in Europe.
Note that on Tuesday, German Foreign Minister Heiko Maas said that Berlin would not change its position on the “Nord stream-2” and would like to restore strategic relations between the European Union and Russia.

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Author: Steve Cowan
Graduated From Princeton University. He has been at the Free Press since October 2014. Previously worked as a regional entertainment editor.
Function: Chief-Editor
Steve Cowan

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