EU May Limit Bank Loans to US Firms in Response to New Russia Sanctions - Source

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 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.