EU-UPA Trade Agreement: Russia sees “very hard blow” in European industry

Russian diplomat leader Sergei Lavrov said today that the agreement announced the previous day between the US and the EU, which provides for 15% duties on imported European products, would cause a “very hard blow” to the European industry. “Such an approach will lead to the further de -industrialization of Europe, to shift Europe to the US and will certainly be a very hard blow,” said Sergei Lavrov during a forum, near Moscow. The deal was announced during a meeting between US President Donald Trump and European Commission President Ursula von der Laieni yesterday in Scotland. On the one hand it provides 15% duties on imported European products, while on the other hand, the EU is committed to energy products of $ 750 billion – mainly to replace Russian gas – and additional $ 600 billion in the US. Lavrov said it is’ clear that US energy resources will be significantly more expensive than […]
Source: News Beast

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