Worldwide

United States to vote on Russian Federation sanctions

United States to vote on Russian Federation sanctions”

Yet while Russia's adverse reaction is to be expected, and will likely lead to immediate counter sanctions, perhaps coupled with the expulsion of the aforementioned 35 diplomats as well as confiscation of USA properties in Russian Federation, it is the EU's response that will be closely watched. Should that happen, the European Union will stand ready to act immediately, according to the Financial Times. And here the president's role is to facilitate the process of discussions and enable the European Commission to receive a mandate for such negotiations.

The EU comment comes after the U.S. House of Representatives on Tuesday voted to toughen sanctions on Russian Federation, as well as Iran and North Korea.

The proposed bill, which will also hit North Korea and Iran, empowers Donald Trump to sanction companies offering technology, services, investment or support to Russian export pipeline projects.

It imposes credit limits on six Russian banks and it forbids Trump from deleting sanctions without Congressional approval.

"The US bill could have unintended unilateral effects that impact the EU's energy security interests", European Commission head Jean-Claude Juncker said in a statement following talks by top bloc officials on the matter in Brussels.

The EU said implementation of the sanctions - depending on circumstances - could adversely affect infrastructure transporting energy resources to Europe, such as the maintenance and upgrade of pipelines in Russian Federation that supply Ukraine's gas transit system. "We are also supportive of adding the North Korean sanctions as well". "This is no less disappointing from the point of view of global law and worldwide trade relations", Kremlin spokesman Dmitry Peskov said.

The lower chamber of the Congress of the United States has adopted on Tuesday a near-unanimously new sanctions against Russian Federation, a project that causes anger in Moscow but also in Europe, as it would penalise european companies.

It is expected that on Tuesday the overwhelming majority in the House of Representatives will vote for this bill. 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.

The College of Commissioners will discuss on Wednesday how to react to Tuesday's Congress vote. Previously, adoption of the draft was put on hold as the House was reluctant to pass it, citing "procedural issues".

I guess for Moscow a question is by now playing hardball with Washington, do they help or hinder Trump in his problems in fending off the Russia-gate crisis? As globalization of production inflamed the contradiction between world economy and the nation-state system, the major capitalist corporations and governments were seeking to re-divide the world's resources between them through wars of plunder. All comments are subject to editorial review.



Like this

Latest


25 July 2017
BMW Denies Collusion Allegations, Says It Didn't Cheat Emissions Standards
Some will say that there is no smoke without fire but for now, Is actually not concerned / investigated. AdBlue is a urea based liquid that helps in filtering nitrogen oxides (NOx) from diesel emissions .

25 July 2017
WTI, Brent crude oil futures settle lower
US West Texas Intermediate (WTI) crude futures settled up 57 cents or about 1.3 per cent to $US46.34 a barrel. A promise from OPEC to cut production lifted oil prices to $50 last week , but few in the ene...

24 July 2017
Captain Marvel Will Be Fighting Skrulls in the '90s in Her Movie
In fact, fans will remember that back in 2008's Iron Man , Nick Fury told Tony Stark that he wasn't the only superhero around. He did reveal this, however: the enemies Captain Marvel will be battling in her titular movie will be the Skrulls.

22 July 2017
Samsung Galaxy Note 8 launch on August 23 in New York: Here's
Alongside the renders we've come across a few pictures of the Galaxy Note 8's S Pen, though it looks mostly unchanged. Samsung Galaxy Note 8 won't have a home button, and fingerprint sensor is expected to be present on the back cover.

22 July 2017
Asus is expected to launch its Zenfone 4 series on August…
Asus has launched the Asus Zenfone 4 Max smartphone in Russian Federation without releasing the standard variant of the series. While the launch date of the new Zenfone 4 variants has been leaked, little is known about their features and specifications.

22 July 2017
Kuwait expels Iran envoys over alleged terror links
Iran responded to the expulsions by filing a complaint with the Kuwaiti charge d'affaires, the Iranian news agency ISNA said. The men were initially convicted by a lower court, but were later acquitted on appeals several months later and set free.

21 July 2017
Humans have produced 9.1 billion tons of plastic since 1950
Another study of remote Arctic beaches found they were also heavily polluted with plastic, despite small local populations . At current trends, it said the "global discard rate" of plastics would drop from 58 percent in 2014 to 6 percent in 2050.

21 July 2017
Sterling to Euro rate awaits European Central Bank decision
The ECB purchases the bonds with newly created money, pushing that new money into the financial system and the economy. Among the most important data expected in the coming week, investors will be keenly waiting for second-quarter U.S.

20 July 2017
The Analysts Set Dominion Diamond Corporation (DDC) PT at $14.78
Schroder Investment Management Group raised its position in shares of Dominion Diamond Corporation by 17.5% in the first quarter. The stock witnessed 10.42% gains, 12.35% gains and 36.36% gains for the 1-month, 3-month and 6-month period, respectively.

19 July 2017
Governor Rauner On Education Bill
Rauner says he'll use his "amendatory veto" to remove a portion that funds pensions for Chicago teachers. Donne Trotter, D-Chicago, used a procedural move to hold the bill without sending it to the governor.



Recommended