"I stated at the G7 summit in Taormina, Italy, and at the G20 summit in Hamburg, Germany, that if the Americans proceeded [with the adoption of new sanctions], we would be ready to react adequately in a matter of days. As a result, a significant proportion of the intended sanctions against Russia have been dropped. Moreover, the U.S. Congress has now also committed to only apply sanctions after the country's allies are consulted. And I do believe we are still allies of the U.S.," Juncker said.
According to the statement, if the U.S. sanctions specifically disadvantage EU companies trading with Russia in the energy sector the EU is prepared to take appropriate steps in response within days.
Juncker also noted that European interests should be taken into account in the implementation of any sanctions. If not, the European Commission's president reserves the right to take adequate measures.
He said that in order to fully implement the Minsk Agreements, the G7 must unanimously agree on the sanctions, with close cooperation between the allies.
On Wednesday, August 2, U.S. President Donald Trump signed H.R. 3364, the "Countering America's Adversaries Through Sanctions Act," which, among other things, foresees growing pressure on Russia and support for the sovereignty and territorial integrity of Ukraine.
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