Germany and Austria concerned about new U.S. sanctions against Russia

Germany and Austria concerned about the fate of European companies because of the announced U.S. sanctions against Russia. It is stated in a joint statement, the two countries ‘ foreign ministries, its content, reports ABC News.

The document notes that the US and EU responded to Russia’s actions during the conflict in Ukraine. However, the new restrictions will create a danger for European companies that are involved in the energy supply of the continent.

The concerns of Berlin and Vienna caused by the provision according to which the sanctions can also be applied to companies from the EU. Restrictive measures will affect those organizations that are investing in the laying of Russian export pipelines, and to provide for their construction, services, information and support to provide technology.

On June 14 the U.S. Congress, revealed the details of the bill on new sanctions against Russia. In the event of approval, American companies and individuals will not be allowed to lend to Russian banks for more than 14 days. Currently, this period is 90 days. It is also proposed to limit the terms of financing of Russian oil and gas companies. They will set the credit period of 30 days.