FX.co ★ Angela Merkel disapproves US sanctions

Recently, German Chancellor Angela Merkel has expressed disapproval of the American sanctions. Particularly, she was discontent with the way they were imposed. She called it the extraterritorial principle which affected the companies doing business with Iran. Interestingly, her criticism was also aimed at anti-Russian sanctions that can dent the implementation of the Nord Stream project.

Here is what she said, speaking in the Parliament: “We are against extraterritorial sanctions, and not just since this decision yesterday — we also have this problem with a view to Iran. I see no alternative to conducting talks, though very firm talks to show that we do not approve of this practice.”