German Chancellor Angela Merkel expressed concerns that the imposing new sanctions against Russia may lead to fines for the European companies, Steffen Seibert, a representative of the German government, said on Friday, calling Washington’s decision “odd” and “peculiar.”

US senators on Wednesday approved new penalties against Russia alleging its government in meddling into US presidential elections. The major blow fell on Russian energy projects. The United States did not coordinate its actions with the EU allies.

Kremlin spokesman Dmitry Peskov told reporters on Friday that Moscow express disappointment on tightening US sanctions, which are adversely affecting both sides.

Seibert told reporters in Berlin that Merkel shares fears of new sanctions, which German Foreign Minister Sigmar Gabriel and Austrian Chancellor Christian Kern expressed in a joint statement on Thursday.

“The decision of the US Senate causes her (Merkel) the same issues as Mr Kern and Mr Gabriel, which is, to put it mildly, a peculiar decision of the US Senate,” Seibert said.

A rate cut by the Russian Central Bank and stalling recovery of the Oil market. Euro advanced but later fell, as Federal Reserve decided to lift the rate and embark on the curtailing of $4.2T balance sheet accumulated during the period of recession.

Stay tuned for more and trade with Tickmill!

Share this post: