Business
18:24, 28-Jul-2017
German business forum criticizes US sanctions on Russia
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Plans for tighter US sanctions against Russia could harm European companies with energy interests in their giant eastern neighbor, a German business forum said on Thursday with participants noting that the measures appeared to be designed to stimulate US energy exports to Europe.
Members of the German Committee on East European Economic Relations said that the possibility of European counter-sanctions against the US should be kept open as "a very last option" if European companies were affected by the US actions.
The committee is a fierce critic of the sanctions passed earlier this week by US lawmakers. It revised its forecast for growth in German exports to Russia this year up 20 percent, from a previous 10 percent.