The European Commission is preparing to counteract the new sanctions the U.S. Congress may impose on Russia this week. This may sound as if Europe is siding with Russia after three years of upholding economic restrictions against it and the Western alliance is showing cracks. But it’s more complicated than that: Europeans are merely looking after their economic interests, which the U.S. bill clumsily steps on.
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Leonid Bershidsky: New US sanctions on Russia are a mixed bag
A picture shows export oil pipelines at an oil facility in the Khark Island, on the shore of the Gulf, on Feb. 23, 2016.