European companies paying price for Ukraine crisis

Moscow

EUROPEAN business interests in Russia are being hurt badly over Ukraine, according to Philippe Pegorier, chairman of the Association of European Business lobby group in Moscow.

"The European business community is angry that it is being sacrificed by both the European and Russian authorities," Mr Pegorier, who is also president of the French power equipment maker Alstom SA in Russia, told AEB members at a briefing on Monday.