Moscow-based European business lobby says sanctions will hit growth

MOSCOW, July 17 Thu Jul 17, 2014 7:59am EDT

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MOSCOW, July 17 (Reuters) - The Moscow-based Association of European Businesses voiced "strong disagreement" on Thursday with new U.S. sanctions on Russia over the Ukraine crisis, saying they would hurt economic growth "not only in Russia".

"These sanctions are more focused on the partners of the European businesses than on the partners of American companies," the lobby group said in a statement. (Reporting by Alissa de Carbonnel, Editing by Timothy Heritage)