Following the US President’s signing into law of the “Countering America’s Adversaries Through Sanctions Act” (“CAATSA”) (as discussed in our blog post here), the European Commission has released an official statement in response. In the statement, Commission President Jean-Claude Juncker notes that “a significant proportion of the intended sanctions against Russia have been dropped“, and welcomes the fact that “US Congress has now also committed to only apply sanctions after the country’s allies are consulted.” The statement also notes that the European Commission will be prepared to defend the EU’s economic interests, if US sanctions specifically disadvantage EU companies dealing with Russia in the energy sector.

The full text of the statement is available here.