showCASE 32 | The US Senate bill: helping Europe or interfering in its affairs?

The US Senate voted on June 15 to reinforce existing sanctions against Russia, a move welcomed in Kyiv but one that has reignited controversy between Washington and Europe. With their joint statement, German Foreign Minister Sigmar Gabriel and Austrian Chancellor Christian Kern criticized the Senate bill and called it unacceptable, as it entails imposition of extraterritorial sanctions on European companies which invest in natural gas projects involving Russia. They went as far as to claim that the bill is aimed at saving jobs in the US natural gas industry by curtailing Russian gas imports to Europe and replacing it with supply of liquefied natural gas (LNG) from the US.

Read more about the US Senate’s initiative to strengthen sanctions against Russia, and how it relates to the natural gas market in Europe, in the lastest showCASE.

Photo: Capitol Hill, Washington DC. Source: Flickr, CC BY 2.0