New US sanctions reflect Washington’s economic goals — German official

“There is an impression that the American side places emphasis on its own economic interests. In this respect, the European Commission’s decision to think about possible retaliatory measures comes as a logical reaction to extraterritorial sanctions, questionable from the point of view of the international law,” said Volker Treier, Deputy Chief Executive and Managing Director of International Economic Affairs at the Association of German Chambers of Industry and Commerce (DIHK). The official added that “important energy security projects may be put on hold” if German companies are barred from engaging in joint projects with Russia. “This would have a painful impact on the German economy in general,” he said.

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