A press release issued by the association says these companies and banks “are not involved in the Ukrainian crisis”. The AEB notes that these business entities “are reliable and long-term partners of many European companies.”
“The AEB also notes that these sanctions are more focused on the partners of the European businesses than on the partners of American companies,” the press release said.
“Those organizations are actively involved in promoting and implementing European values, projects to supports humanitarian and sustainable development and any limitations on their activity would have negative impact on future long-term EU-Russian relations,” the AEB said.
“The AEB restates its position against economic sanctions towards Russia and promotes de-escalation for all the parties,” the press-release said. “The association thinks that this escalation through the sanctions could affect the business of European companies and economic growth not only in Russia, but also in Ukraine and in the EU.