Showdown with European Union as United States of America enacts more Anti-Russia Sanctions

More importantly, the measure also bars USA companies from investing in energy projects in which Russian companies have at least a 33% stake, and may penalize European companies that colaborate with Russian companies on energy projects, the source of Europe's recent fury.

The house voted 419 for and three against new sanctions targeting Moscow over its role in the conflict in Ukraine. After US officials imposed an $8.9 billion fine on French bank BNP Paribas over its dealings with Iran in 2014, European Union officials retaliated a year ago by cutting off talks on a trans-Atlantic trade deal and imposing a €13 billion fine on Apple.

Sending such a signal could only aggravate the risk of a trade war with the unpredictable Trump, when European Union diplomats were intensively lobbing U.S. congressmen to amend the text.

In mid-June, the U.S. Senate overwhelmingly passed tough sanctions, but the text stalled in the House of Representatives, until agreement was reached on Saturday.

Commenting on this point, chairman of the Riigikogu's Foreign Affairs Committee, Marko Mihkelson, said that Europe's politicians should think about whether or not the planned pipeline went along with the sanctions against Russian Federation. "Besides, nobody can expect that President [Donald] Trump will opt for not signing it into law".

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The European Union is prepared to hit back at the US in case the new American sanctions on Russian Federation - for which a draft bill has been agreed upon at the US Congress - hurt European companies, according to a report citing an internal note of the European Commission, the EU's executive. Over the past several days, the White House has been signaling that President Trump is ready to sign the document.

"The EU is fully committed to the Russian Federation sanctions regime".

The Kremlin is waiting for the US Donald Trump administration to finally word a clear position on further sanctions against Russia, TASS reports.

The document reportedly said European Commission chief Jean-Claude Juncker was particularly concerned the sanctions would neglect the interests of European companies. Trump has previously said he needs diplomatic leeway with the Kremlin. The Senate will have to vote on the House version. "America first can not mean that Europe's interests come last".

While President Donald Trump criticized over the weekend the "phony" investigation into his campaign's contacts with Russian officials while running for office, Congress struck a deal to finally punish Russia for the alleged meddling in the 2016 presidential election.

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The most powerful nations agreed today (8 July) on keeping markets open, but German chancellor Angela Merkel urged the leaders to progress on steel overproduction to avoid a trade war.

"It goes without saying that we and our European partners attach great importance to finishing these projects and we will work towards this", he said.

The president is also asked to decide on sanctions "in coordination with the allies of the United States".

The Kremlin continues to insist it did not interfere in the U.S. elections.

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