![US sanctions hurt Europe more than America US sanctions hurt Europe more than America](https://mtic.us/wp-content/uploads/2014/07/eu-us-sanctions-aeb.si_-310x168.jpg)
The Association of European Businesses (AEB), a Moscow-based business lobby, said that new US sanctions against Russia have a more severe effect on European than on American business. The AEB says it “regrets” the US sanctions, and warns that they will stunt economic growth “not only in Russia”.