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Be careful when dancing with the bear. Russia has threatened “painful” retaliation against new sanctions passed by the U.S. House of Representatives, saying they would make it all but impossible to achieve the Trump administration’s goal of improved relations. The EU also weighed in, warning it could retaliate “within a matter of days” should the U.S. unilaterally strengthen sanctions against Russia. European energy companies risk becoming collateral damage in the squabble. — Andy Reinhardt