I am deeply concerned at the growing use of sanctions, or the threat of sanctions, by the United States against European companies and interests. We have witnessed this developing trend in the cases of Iran, Cuba, the International Criminal Court and most recently the Nordstream 2 and Turkstream projects.

As a matter of principle the European Union opposes the use of sanctions by third countries on European companies carrying out legitimate business. Moreover, it considers the extraterritorial application of sanctions to be contrary to international law. European policies should be determined here in Europe not by third countries.

Where common foreign and security policy goals are shared, there is great value in the coordination of targeted sanctions with partners. We have seen many positive examples of this and will continue to coordinate where we can. Where policy differences exist, the European Union is always open to dialogue. But this cannot take place against the threat of sanctions.