MOSCOW, (Sputnik) — The US House of Representatives approved by a 419-3 vote on Tuesday a new version of a bill that would impose sweeping sanctions on Russia, Iran and North Korea, and limit President Donald Trump’s ability to lift the restrictions on Moscow. The measures target Russia's defense, intelligence, mining, shipping and railway industries, and restrict dealings with Russian banks and energy companies.
"We do not support the introduction of additional economic sanctions by the US and we appeal to the US, EU and Russian authorities to find a political solution which will prevent a further deterioration of mutual relations," the AEB statement read.
The bill, which is yet to be approved by the Senate and the administration of US President Donald Trump, has already prompted criticism within the European Union. France and Germany have so far spoken out against the bill that the US House passed overwhelmingly on Tuesday as one that adversely affects European industries while advancing US commercial interests.
The Association of European Businesses represents interests of the European companies conducting business in Russia. The organizations is engaged in promotion of business activities and economic integration between Russia and the European Union, as well as in improvement of business and trade environment.