Russian prime minister warns of 'economic war' over US sanctions

Russian prime minister warns of 'economic war' over US sanctions

Russian prime minister warns of 'economic war' over US sanctions

It shed as much as 5% versus the dollar after the the State Department said it would impose new sanctions against Moscow for the March poisoning of former Russian spy Sergei Skripal and his daughter.

The second, which can be selectively activated after 90 days if Moscow fails to provide "reliable assurances" it will no longer use chemical weapons and blocks on-site inspections, could include downgrading diplomatic relations, suspending national flag carrier Aeroflot's ability to fly to the United States and cutting off almost all exports and imports.

The U.S. sanctions announced on Wednesday, which will go into effect around August 22, will restrict the licenses granted for exports of national security goods and technologies to Russian Federation.

In late March, Trump ordered 60 more Russian diplomats expelled from the U.S. as part of a global response to the attack - a response that included similar expulsions of diplomats from other nations checking Russia.

Furthermore, Moscow eliminated all stockpiles of its chemical weapons under global obligations, unlike the U.S., which has still to honor its commitment. The British government revealed earlier that the nerve agent Novichok, a type developed in Cold War-era Russian Federation, was used in the attack that failed to kill the Skripals.

Former Russian double agent Sergei Skripal, along with daughter Yulia, was found unconscious on a bench in Salisbury.

The US is trying to play up this "anti-Russian topic as a way to continue demonising Russia" and make it appear that it is not fulfilling its worldwide obligations, Ms Zakharova said.

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The news came as Republican U.S. Senator Rand Paul said on Wednesday he had delivered a letter from President Donald Trump to Russian President Vladimir Putin proposing cooperation.

The spokesperson went on to say Russian American relations are at a record low point and the USA continues to deteriorate bilateral ties.

Vladimir Vasilyev, a senior researcher at the Institute of the U.S. and Canada in Moscow, said the Americans were strengthening sanctions "from an element of pressure into an ultimatum".

Russian officials say that the USA sanctions are illegal, and that retaliatory measures are being discussed and debated. He added that the new sanctions amount to "inflicting a punishment in the absence of a crime in the tradition of lynch law".

State Department officials said there would be "carve-outs" in the sanctions for "the provision of foreign assistance to Russia and to the Russian people", as well as for joint spaceflight activities and commercial aviation.

The Skripals survived the attack but a British couple was poisoned by the same Novichok agent in a nearby town, one of whom, 44-year-old Dawn Sturgess, subsequently died. The Russian government has repeatedly denied any involvement in the attack.

The US joined the United Kingdom in condemning Russia for the Skripal poisoning and joined with European nations in expelling Russian diplomats in response, but it had yet to make the formal determination that the Russian government had used chemical weapons in violation of global law.

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