Published: Fri, August 10, 2018
Business | By Eloise Houston

Kremlin denounces new United States sanctions as illegal

Kremlin denounces new United States sanctions as illegal

Kremlin spokesman Dmitry Peskov came out swinging Thursday morning against a new round of US sanctions against Russian Federation.

The US sanctions came despite President Donald Trump's efforts to improve relations with Russia and its leader, Vladimir Putin, and his harsh criticism of the investigation into Russian interference in the 2016 election.

The comments come the day after the U.S. State Department announced that Washington will impose new sanctions on Russian Federation aimed at punishing Moscow for the March poisoning of Sergei Skripal and his daughter, Yulia, in the town of Salisbury, England.

Unless Russia agrees within 90 days to stop all use of chemical weapons and permit inspections to confirm their elimination, the law requires the United States to choose from a range of additional measures, including withdrawal of USA support for global loans and US bank loans, prohibition of landing rights for Russian airlines, and suspension of diplomatic relations.

But the punitive measures triggered a furious reaction from Moscow. As CBS News chief White House correspondent Major Garrett reports, the new sanctions were announced the same day Republican Sen.

"If they dream up some (measures), we will answer - it's not our choice".

"We consider the tying of new restrictions - which as previously we consider illegal - with the affair in Salisbury to be categorically unacceptable", Peskov told reporters during his daily telephone briefing.

Kremlin spokesman Dmitry Peskov was equally emphatic.

The announcement fueled already worsening investor sentiment about the possible impact of more U.S. sanctions on Russian assets and the rouble at one point slid by over 1% on Thursday against the dollar, hitting a two-year low. The sharp decline in oil prices has negatively affected growth, while sanctions have impaired access to worldwide markets.

Finance minister Anton Siluanov assured Russians that the government and the central bank have "all the necessary tools to ensure financial stability", saying the economy has become more resistant to external shocks in recent years. He added that the new sanctions amount to "inflicting a punishment in the absence of a crime in the tradition of lynch law".

He said the countries were now in a state "balancing on the verge of war".

Such technologies have often been used in items including electronic devices as well as calibration equipment. US crude oil imports, on the other hand, averaged 7.9 million bpd in July. His administration has sanctioned a number of Russian officials and oligarchs for human rights abuses and election meddling.

They also banned some of the major business leaders with ties to the Russian government from coming into the European Union and US.

Russia's financial stability assessments from the independent global observers highlight risks and further slowdown in growth.

Moscow ordered 60 American diplomats expelled in a tit-for-tat response.

British police reporteldy have identified multiple Russian suspects who left the country after the poisonings of Sergei Skripal and his daughter, Yulia, in March in Salisbury, England, along with a police officer who responded to the scene.

He went on to say the sanctions "contravene worldwide law".

Reports earlier this week that the United Kingdom was preparing to request the extradition of two Russians it suspected of being behind the attack were found to be less advanced than initially suggested, Sky sources said.

Three months later, Dawn Sturgess and her partner Charlie Rowley fell ill after they came into contact with the substance, which was found in a sealed perfume bottle. Moscow has been blamed for the poisonings, but has denied any involvement. Moscow, in turn, responded to the worldwide action by ordering its own expulsion of foreign diplomats.

After taking a hit in what BCS brokerage described as panic reaction, the rouble managed to move away from two-year lows.

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