Earlier, German Minister of Economy Brigitte Zypries even warned against a possible trade war between the EU and the US.
"The result [of the sanctions] is that our companies could suffer damage," Zypries told the ARD broadcaster.
At the same time, German-Russian business relations continue to improve.
According to Michael Harms, managing director of the German Committee on Eastern European Economic Relations, German enterprises are very much interested in the withdrawal of the sanctions against Russia.
"Of course, we are interested in lifting the sanctions, because this would be beneficial for our economy. But we also believe that a flexible policy, a new approach to the Ukrainian conflict, would open up new opportunities. New sanctions will only strengthen protectionist sentiments in Russia," Harms told the German TV Channel Das Erste.
In his turn, Konstantin Holodilin from the German Institute for Economic Research believes that the new sanctions won't significantly affect the Russian economy.
"I believe that after three years of sanctions, the Russian economy has already accustomed to their effect. And I don't think that additional sanctions will affect Russia more," the expert told das Erste.
France and Germany have so far spoken out against the bill as it affects European industries while advancing US commercial interests.