The German Eastern Business Association (OAOEV) calls for retaliatory measures in connection with the US plans to toughen sanctions against the Nord Stream 2 pipeline project with Russia, OAOEV chief Michael Harms said in an interview with Funke Mediengruppe published on Wednesday, EDNews.net reports citing Vestnik Kavkaza.
"Up until now, we warned against harsh retaliatory measures regarding the United States, because we don’t want to find ourselves embroiled into the spiral of sanctions. Now we have a different opinion about that," he said.
"We are actively working on practical proposals. They may vary from clear diplomatic statements and compensation for local firms to protective retaliatory sanctions," the OAOEV chief said.
At the same time, Harms said that the U.S. plans make no specific mention of any company at the moment.
The US embassy in Berlin has started to invite companies for discussions on the Nord Stream 2 pipeline project with Russia, according to the German Eastern Business Association (OAOEV)’s data.
"The US embassy in Berlin has already been imperatively proposing dates for negotiations to certain companies," TASS cited Harms as saying.
"We view such actions as not suitable for partners," he added. "In this regard, we closely coordinate our actions with the German government."
"We view threats of sanctions on behalf of the United States as a dangerous precedent," the OAOEV chief continued.
According to Harms, German businesses still view Nord Stream 2 as an "extremely important" project. "It will help to ensure gas supplies, maintain low prices and help in protecting the climate," the German expert said.
German businesses working on response to Nord Stream 2 sanctions
Economy
14:16 22.07.2020
Read: 548

DİGƏR XƏBƏRLƏR
HamısıNews of the day
News line
WB allocates $2M for preparation of sustainable development project in Baku
22:00 02.07.2025
Malaysia inviting Azerbaijan to participate in trade incentive program
21:45 02.07.2025
Malaysia expects further expansion of palm oil trade with Azerbaijan
21:30 02.07.2025
EBRD updates current portfolio of projects in Azerbaijan
21:30 02.07.2025
12 Georgian MPs lose parliamentary mandates
21:00 02.07.2025
Asan Jakishev: Kazakhstan strengthens status as key transit hub in region
20:40 02.07.2025
Zakharova: 'We call on Baku to take measures to return ties to level of strategic alliance'
20:30 02.07.2025
Kyrgyz ambassador to Azerbaijan also appointed as envoy to Georgia
20:20 02.07.2025
Bangladesh court sentences ex-Premier Hasina in contempt case; first conviction since ouster
20:00 02.07.2025
Russia says reduction or cessation of Western arms supplies to Ukraine brings conflict closer to its end
19:45 02.07.2025
Israeli prosecution cancels Netanyahu’s corruption trial sessions next week over US visit
19:30 02.07.2025
Mamasadyk Bakirov: Kyrgyzstan creates all necessary conditions for business
19:15 02.07.2025
Lachin holds panel session on Role of Women in Urban Development
19:00 02.07.2025
Central banks of Azerbaijan, Georgia mull implementation of systems supported by AI
18:45 02.07.2025
Azerbaijani military personnel participate in International Anatolian Eagle-2025
18:30 02.07.2025
Shavkat Mirziyoyev to open Uzbekistan park in Baku
18:15 02.07.2025
Peskov: Head of Russia's Investigative Committee, Azerbaijan's prosecutor general mull problematic issues
18:00 02.07.2025
South Korean ex-premier, minister summoned over Yoon’s martial law probe
17:45 02.07.2025
Trump says Israel has agreed to 'necessary conditions' to finalize 60-day ceasefire in Gaza
17:30 02.07.2025
DR Congo-Rwanda peace deal ‘does not address serious crimes committed in the east': Amnesty International
17:15 02.07.2025
China again urges its citizens to avoid travel to Iran
17:00 02.07.2025
Australia's Qantas says 6 million customer accounts accessed in cyber hack
16:45 02.07.2025
US accuses UN expert of ‘economic warfare’ over report on companies aiding Israeli occupation
16:30 02.07.2025
150 National Guard troops reassigned from Los Angeles security mission to wildfire response
16:00 02.07.2025
Israeli strikes kill another 29 Palestinians in Gaza Strip
15:45 02.07.2025
Revenue of China’s software industry grows by 11.2%
15:30 02.07.2025
President of Azerbaijan Ilham Aliyev’s one-on-one meeting with President of Uzbekistan Shavkat Mirziyoyev begins
15:20 02.07.2025
Zakharova: Friendly relations between Russia, Azerbaijan extremely important
15:15 02.07.2025
President of Northern Cyprus arrives in Azerbaijan
15:00 02.07.2025
COP29 president: US withdrawal from Paris agreement won't stop global climate movement
14:45 02.07.2025
President of Uzbekistan arrives in Azerbaijan on state visit
14:30 02.07.2025
Saudi Arabia receives written message from Iran
14:15 02.07.2025
Percentage of female students studying in Azerbaijan revealed
14:00 02.07.2025
Five of Russia's neighbors withdraw from Ottawa Treaty
13:45 02.07.2025
Bahar Muradova: Azerbaijan ready to share experience in expanding women's economic rights
13:30 02.07.2025
Prosecutor General's Office: Ziyaddin Safarov died in vehicle of Russian law enforcement agencies
13:15 02.07.2025
Adviser to Uzbek FM: Relations with Azerbaijan demonstrating steady growth in all areas
13:00 02.07.2025
ECO: Significant steps should be taken to increase women's digital skills
12:45 02.07.2025
Some Russian groups want to create crisis in relations with Azerbaijan
12:30 02.07.2025
Israel-Iran ceasefire set to drive oil prices toward $60 range: Experts
12:15 02.07.2025