WASHINGTON (Reuters) -Russia’s war in Ukraine is bad for U.S. businesses, which have heavily invested in Europe and whose profits are affected by the uncertainty that Moscow’s aggression creates, European Economic Commissioner Valdis Dombrovskis said on Tuesday.

Speaking at the American Enterprise Institute in Washington, Dombrovskis said that in 2023 U.S.-owned assets in Europe were worth an estimated $19.2 trillion, or roughly 64% of all U.S. corporate foreign assets globally. Sales by the European affiliates of U.S. companies were $3.9 trillion.

“For U.S. corporate interests, Europe – as a market, a host of assets, and a crucial link in integrated supply chains – is simply too big to ignore,” Dombrovskis said in a speech.

The European Union sees Russia’s full-scale invasion of Ukrain

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