“That Must Not Happen”: Germany Threatens US With Retaliation Over New Russia Sanctions

Friday, June 16, 2017
By Paul Martin

by Tyler Durden
ZeroHedge.com
Jun 16, 2017

One day after the Senate almost unanimously passed a bill to impose new sanctions on Russia, an unexpected outcry against the US decision emerged from two of America’s closest allies, Germany and Austria, who yesterday slammed the new sanctions and accused the U.S. of having ulterior motives in seeking to enforce the energy blockade, which they said is trying to help American natural gas suppliers at the expense of their Russian rivals. And they warned the threat of fining European companies participating in the Nord Stream 2 project “introduces a completely new, very negative dimension into European-American relations.”

Today’s the unexpected fallout from the latest round of US sanctions has escalated, and according to Reuters, Germany has threatened to retaliate against the United States if the new US sanctions on Russia end up penalizing German firms, which they almost will as it foresees punitive measures against entities that provide material support to Russia in building energy export pipelines. Such as Germany, Austria and host of other European nations. Berlin is concerned that if passed in the House, the sanctions will pave way for fines against German and European firms involved in Nord Stream 2, a project to build a pipeline carrying Russian gas across the Baltic.

And it’s not jet the Germans who are sweating: among the European companies involved in the project are German oil and gas giant Wintershall, German energy trading firm Uniper, Royal Dutch Shell, Austria’s OMV and France’s Engie. In other words, if the Senate proposed sanctions pass, the US will have to fine virtually every energy giant in Europe.

Quoted by Reuters, Merkel’s spokesman Steffen Seibert described the Senate bill, which must be approved by the House of Representatives and signed by Trump before it becomes law, as “a peculiar move”. He said it was “strange” that sanctions intended to punish Russia for alleged interference in the U.S. elections could also trigger penalties against European companies. “That must not happen,” said Seibert.

The Rest…HERE

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