PUNISHMENT Trump's administration will slap Russia with a new round of sanctions
10 August, 2018, 03:22
Sergei Skripal and his daughter Yulia survived nerve-agent poisoning in Britain after spending weeks in hospital.
The announcement of United States sanctionscaused the value of the rouble to plunge early on Thursday and Russian stock markets to fall.
The euro also gained against the rouble, which slumped to a rate of 76.8. (Authorities believe a British woman's death was caused by accidental exposure to the nerve agent).
Russian Federation condemned a new round of USA sanctions as draconian on Thursday after news of the measures sent the rouble tumbling to two-year lows and sparked a wider asset sell-off over fears that Moscow was locked in a spiral of never-ending sanctions.
"Thank you USA for standing firm with us on this", Hunt said on Twitter.
If Moscow does not comply, a second round of sanctions could further downgrade diplomatic relations with Russian Federation.
Russian lawmaker Sergei Ryabukhin made the remarks Thursday, saying Moscow could cut off supplies of the RD-180 rocket engines to the U.S.
The Russian embassy said Moscow continued to advocate for an open and transparent investigation into the poisoning.
The new prohibitions, which come into effect on August 22, could cut off hundreds of millions of dollars in future exports to Russian Federation. These are sensitive goods that normally would go through a case-by-case review before they are exported.
They also banned some of the major business leaders with ties to the Russian government from coming into the European Union and US.
Under the law, once the government determines that a country has used chemical or biological weapons in violation of worldwide law, it must impose sanctions.
Previous occasions were against Syria and against North Korea for the assassination of Kim Jong-nam, the half brother of leader Kim Jong-un, who died when highly toxic VX nerve agent was rubbed on his face at Kuala Lumpur airport.
"The mandatory sanctions that follow this determination are key to increasing pressure on Russian Federation".
In early April, just before the first tough round of USA sanctions in response to Russian "worldwide malign activity" was announced, the ruble stood at roughly 58 to the dollar.
All are prohibited from any transactions involving the U.S. financial system.
"We once again flatly reject any accusations regarding the possible involvement of the Russian state in what happened in Salisbury". Those sanctions restrict travel and financial transactions.
"I guess what it's about is the internal politics in the U.S., that Donald Trump of course has been under a lot of pressure at home for talking about wanting to meet Vladimir Putin again and his policy is a reflection really of how his business operates - he says one thing one day, one thing the next, to try to keep the various factions happy".
What was the nerve agent?
A Kremlin spokesman slammed the new sanctions as illegal and repeated that Russia had nothing to do with the poisoning of a former Russian spy in England in March - the episode that sparked the fresh trade restrictions and other measures announced by the Trump administration on Wednesday.
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