US votes to sanction EU firms in Russia project

euobs

US congressmen are preparing to vote on new Russia sanctions on Tuesday (25 July) in a move set to anger parts of the EU.

The bill, entitled Countering Iran’s Destabilising Activities Act of 2017, which covers Iran, Russia, and North Korea, is expected to pass after sailing through the Senate by 98 votes to two in June.

Bob Corker, the Republican senator who sponsored the law, told reporters in Washington on Monday that only “procedural issues” remained to be finalised.

“We’re about there, there’s still some procedural issues we’re discussing but, you know, I think it worked out very, very well,” he said, referring to weekend talks between Republicans and Democrats on the legislation.

“It [a deal] is not quite done, but it feels like it’s moving to a good place,” he said. The law could lead to US fines on EU firms that take part in Russian energy projects, including the planned Nord Stream II gas pipeline from Russia to Germany, which involves German firms Wintershall and Uniper, Austrian company OMV, French firm Enie, and Anglo-Dutch firm Shell.

It could still be vetoed by the Russia-friendly US president, Donald Trump…

Read more : EUObserver, 25.07.2017