14:28 GMT01 December 2020
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    Brussels may limit bank loans to US companies in case Washington decides to impose new sanctions against Russia, an EU diplomatic source told Sputnik on Tuesday.

    BRUSSELS (Sputnik) — The European Union could limit bank loans to US companies in response to looming US anti-Russia sanctions targeting EU energy interests, according to the source.

    "As far as I know, one of the options is for the European Union to introduce retaliatory measures against US companies by restricting them access to loans from European banks," the source said.

    The US House of Representatives is set to approve on Tuesday a new package of sanctions against Russia, Iran and North Korea after lawmakers struck a deal over the weekend to advance the stalled legislation.

    The sanctions target Russia's defense, intelligence, mining, shipping and railway industries and restricts dealings with Russian banks and energy companies. The legislation also limits the US president's ability to ease any sanctions on Russia by requiring Congress' approval to lift any restrictions.


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