EU says ready to retaliate if new US sanctions on Russia hurt economic interests | world-news | Hindustan Times
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EU says ready to retaliate if new US sanctions on Russia hurt economic interests

European Commission President Jean-Claude Juncker also said it was crucial to coordinate with the United States to ensure sanctions against Russia over its role in the Ukraine crisis are effective.

world Updated: Aug 02, 2017 22:05 IST
European Commission President Jean-Claude Juncker in Brussels, Belgium.
European Commission President Jean-Claude Juncker in Brussels, Belgium.(Reuters file)

The European Union’s chief executive on Wednesday said new US sanctions on Russia had taken into account the bloc’s concerns but that it stands ready to retaliate within days if the measures are applied to hurt its economic interests.

European Commission President Jean-Claude Juncker also told a German radio station that it was crucial to coordinate with the United States to ensure sanctions against Russia over its role in the Ukraine crisis are effective.

“We are ready. We must defend our economic interests vis a vis the United States, and we will do that,” he said, according to a transcript provided by his press team.

US President Donald Trump on Wednesday signed what he called a “seriously flawed” bill imposing new sanctions on Russia, pressured by his Republican Party not to move on his own toward a warmer relationship with Moscow in light of Russian actions.

The legislation is aimed at punishing Moscow for interfering in the 2016 US presidential election and for its military aggression in Ukraine and Syria, where the Kremlin has backed President Bashar Assad. The law also imposes financial sanctions against Iran and North Korea.