Published: Fri, August 10, 2018
Finance | By Claude Patterson

US hits Russian Federation with new sanctions

US hits Russian Federation with new sanctions

"Trump is the master of media manipulation, and the decision to sanction Russia over the Skripal assassination attempt comes, not coincidentally, as pressure mounts on the president to react to the widespread condemnation of Russian meddling in the 2016 election", Professor Michael Cullinane, a reader in U.S. history at the University of Roehampton, told i.

The spokesman said the decision goes against a "constructive" process that began when Putin met with U.S. President Donald Trump in Helsinki last month.

"Making a linking to these events is for us unacceptable and such restrictions like those passed by the American side earlier. are absolutely illegal and do not correspond to worldwide law", said Peskov.

In turn, Russia's Foreign Ministry spokeswoman Maria Zakahrova promised Moscow already was preparing retaliatory measures.

New US sanctions will cover exports of a number of US goods and services, including supplies of electronics, components and technologies for the oil and gas industry, a high ranking official of the US State Department said on Thursday.

"Sanctions are the US weapon of choice", Trenin wrote on Twitter.

The Kremlin, meanwhile, repeated its previous denial of any involvement in the attack on Sergei Skripal and his daughter Yulia in southern England this year, while playing down the importance of the sanctions.

Russian Federation will decide on retaliatory measures to United States sanctions imposed over a nerve agent attack in Britain blamed on Moscow, which it denies, the foreign ministry said on Thursday.

Also in March, Washington ordered the expulsion of 60 Russian diplomats, and the closure of Russia's consulate general in Seattle. It is believed the poison was in a perfume bottle discarded by the attackers. One of them died.

They were aimed at punishing Putin's government for having "used chemical or biological weapons in violation of worldwide law", spokeswoman Heather Nauert said in a statement.

Instead, he said there were also delays in triggering the same type of USA sanctions after the two most recent chemical or biological attacks, one in Sryia by the Assad regime and another perpetrated by North Korea.

The U.S. announcement fueled already worsening investor sentiment about the possible effect of more U.S. sanctions on Russian assets and the ruble slid by over 1 percent on Thursday against the dollar, a day after falling toward its lowest level in almost two years.

Konstantin Kosachev, the chairman of the foreign affairs committee in the upper house of the Russian parliament, said Thursday that the US has behaved like a "police state, threatening and torturing a suspect to get evidence".

But initial triumphalism swiftly turned sour as anger over what some US lawmakers saw as an over deferential performance by Trump and his failure to confront Putin over Moscow's alleged meddling in USA politics galvanized a new sanctions push.

"We are being threatened with further escalation of sanctions pressure", she said.

The International Monetary Fund Russia's financial stability report says, "The Russian economy is experiencing a protracted recession and faces significant risks".

A Downing Street spokesman said: 'The UK welcomes this further action by our USA allies.

The UK blames Russia, but the Russian government strongly denies any involvement.

Despite assurances, the ruble fell to a two-year low, and shares of Russian companies likely affected by the sanctions - including several banks and Russia's national air carrier Aeroflot - dipped in value.

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