Forthcoming Congressional legislation regarding U.S. trade sanctions against Iran, Russia and North Korea may cause an upset with the EU. The bill, which would limit the President’s ability to unilaterally add or remove sanctions without Congressional consultation, is aimed in part at Russia’s annexation of Crimea and alleged intervention in last year’s elections. The EU is concerned it may hurt businesses legitimately working with Russian firms in the energy, shipping and finance sectors, and may retaliate against trade-based measures. Panjiva data shows that U.S.-Russia trade is domina...