Implementation of new U.S. sanctions against Russia might inflict damage to German business. Brigitte Zypries, the German minister of economy said that as quoted by Reuters.
According to her, trade war with the States, which could start because of the new sanctions against the Kremlin would be an ‘extremely bad’ option.
Zypries also expressed hope that the U.S. interests in this regard do not lies in hurting Europe; however, extending sanctions could get in the way of European companies.
The official added that the EU now discussed possible retaliatory measures to be taken within the WTO.
Recently, the U.S. Senate approved package of sanctions against Russia, Iran and the North Korea.