Jürgen Schwarz
The planned U.S. sanctions against Russia could have a negative effect on the operation of European companies in the field of energy infrastructure in Europe and the extraterritorial application of American laws is unacceptable. This was stated by the official representative of the Austrian Chancellor jürgen Schwartz, reports TASS.
“Unilateral tightening of U.S. sanctions against the Russian Federation would be an unfortunate failure from a previously agreed joint policy of the EU and the USA towards Ukraine. It will be very unfortunate if the United States today to leave this shared path”,
— the official stressed.
On 20 July it was reported that several major us financial and industrial conglomerates, criticized the new sectoral sanctions against Russia, the draft law on the introduction of which was adopted by the U.S. Senate in June. With the number of firms dissatisfied with the bill include the oil companies BP and Exxon, financial corporations MasterCard, Visa and Citigroup, as well as Industrialists Ford, Dow Chemical, Procter & Gamble, General Electric and Caterpillar.
15 Jun Germany and Austria issued a joint statement expressing concern about the fate of European companies because of the announced U.S. sanctions against Russia. In particular, restrictive measures may affect firms that are investing in the laying of Russian export pipelines, and to provide for their construction, services, information and support to provide technology.
A day earlier, 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.