"The agreement between the two parties from Saturday was preceded by protracted negotiations and in this context both we and the EU Commission have expressed concerns that EU companies could be disadvantaged as part of this legislation", said Ulrike Demmer, a spokeswoman for German Chancellor Angela Merkel. "We in the European Union will have interests in these discussions and we expect those interests to be addressed by the free legislative process which is ongoing in the U.S", the spokesman said.
The House is expected to vote on Tuesday on the legislation, which will be imposed not just on Russian Federation but also on Iran and North Korea. It also limits any effort by the White House to weaken such penalties.
Volker Treier, head of worldwide trade at the German Chambers of Industry and Commerce (DIHK), voiced concerns on Wednesday that German firms could be adversely affected by new USA sanctions against Russian Federation.
That would put German companies Uniper and Wintershall, Austrian firm OMV, French company Engie, and Anglo-Dutch firm Shell, which aim to help Russian Federation build the Nord Stream II pipeline to Germany, in the crosshairs.
The European Union sounded an alarm on Saturday about moves in the U.S. Congress to step up U.S. sanctions on Russian Federation, urging Washington to keep coordinating with its Group of Seven partners and warning of unintended consequences. "This is why the Commission concluded today that if our concerns are not taken into account sufficiently, we stand ready to act appropriately within a matter of days".
"America first can not mean that Europe's interests come last", Mr Juncker added.
The Trailer For Spielberg's VR Thriller 'Ready Player One' Is Here
On Saturday, Spielberg revealed the first footage from Ready Player One , the movie adaptation of Ernie Cline's scifi novel. The story follows Wade Watts in a dystopian future where the only life worth living is through virtual reality.
China trying to change status quo on border: Sushma
The Chinese embassy in India has also been actively engaging with the Indian public to explain its country's position. He further said that reportedly some Centre government officials are in contact with China to solve the issue.
Solar eclipse map: How close will you be?
And Chicago's Adler Planetarium ( www.adlerplanetarium.org ) is having a giant block party on the day of the eclipse . While the distant future of solar eclipses is a bit bleak, they enjoy a rich history.
The warring sides also inked another truce deal, dubbed Minsk II, in February 2015 under the supervision of Russia, Germany and France.
The European Union is reportedly discussing retaliatory measures against the American legislation, according to the FT, should it become law. "We have challenged similar texts in the past", the Foreign Ministry said in a statement.
If approved by the US legislature, the bill will be forwarded to US President Donald Trump. It is not clear if that will happen before Congress breaks for summer recess at the end of the month. "It will rearrange the way the global energy industry does business with Russia and significantly increase the risk around dealings with Russia", Elizabeth Rosenberg, a senior fellow and director of the energy, economics and security program at the Center for a New American Security, said on July 23, according to S&P Global Platts.
The Trump administration is unlikely to veto it because the whopping majority in Congress could subsequently overturn such a veto.
They would be America's toughest sanctions against Russian Federation since the Ukraine conflict broke out in 2014. "We are not giving in to emotions", Ryabkov said. What we are seeing here is some very jingoistic Russia-phobia legislation that is coming out primarily pushed by some very angry Democrats and CNN who are trying through the fog of smoke and mirrors distract people from the real reasons why they voted for Trump in the election for the presidency. If Trump does sign off on the bill then Russian Federation looks likely to retaliate, with Ryabkov insisting Moscow has warned Washington "dozens of times" that any new sanctions would "notgo unanswered".
On Monday, Kremlin spokesman Dmitry Peskov said that "we heard of some corrections to the administration's stance on sanctions and will wait patiently until it is clearly articulated".