Chizhov: Europe began to wonder about the effectiveness of sanctions policy


Permanent mission of the Russian Federation to the European Union

MOSCOW, 4 Aug — RIA Novosti. The effect of new us sanctions against Russia has forced the Europeans to think about the reliability of this kind of pressure on Moscow, said on Friday Russia’s permanent representative to the EU Vladimir Chizhov.

“If we talk about the cumulative effect on Europe made last initiatives of Washington, I still think that on this side of the Atlantic began to reflect, first, on efficiency,… and, secondly, on the propriety of sanctions pressure on Russia,” said Chizhov in the air of the program “60 minutes.”

According to the diplomat, it is quite possible that the consequences of restrictive measures “will push the Europeans to revise their own sanctions policy.”

He stressed that talking about the implementation of the adopted in the U.S. law on sanctions a little earlier. “Let’s see how will behave the Executive power of the United States and what effect it will produce,” said Chizhov.

He is convinced that the potential damage from these sanctions for the European economy great. “I’m not even talking about the legal side of this issue. Created another powerful precedent for the extraterritorial application of sanctions, and Washington’s two largest capitals of the European Union: Berlin and Paris — the same words regarded as a violation of international law. To this, I guess we can join,” said the Russian permanent representative.

The US President Donald trump on Wednesday signed a law involving the extension of sectoral sanctions against the Russian economy. In particular, it reduces the maximum term of financing of Russian banks under US sanctions, up to 14 days, oil and gas companies, up to 60 days (now 30 days and 90 days, respectively). In addition, the adjusted round deep water and Arctic offshore projects and oil and gas projects with hard to recover reserves that are not allowed to supply equipment and technology.

The act also provides that the head of state can impose sanctions on persons who invest in the construction of Russian export pipelines over $ 5 million a year or $ 1 million lump sum. The law separately States that the United States will continue to oppose the project “Northern stream-2”.

After the signing of the trump of the law on sanctions, the foreign Minister of Germany, Sigmar Gabriel, called the new sanctions are illegal, noting that the US wants to clear a place for the supply of American energy to the EU. In turn, commenting on the signing of the law, the head of the European Commission Jean-Claude Juncker said that Brussels will work to protect the economic interests of the EU.