New Round Of Sanctions Could Suspend Russian Oil, Fuels Exports To US

President Trump's words (notably after his meeting with Putin last month) too often leave the impression that he isn't serious about facing down Moscow's malevolence.

Russian Foreign Minister Sergey Lavrov has held a telephone talk with his U.S. counterpart Michael Pompeo on Friday, pointing out that Moscow strictly rejected new U.S. sanctions, the Russian Foreign Ministry said in a statement. It said Pompeo "reiterated that the United States seeks an improved relationship with Russian Federation, and agreed to future dialogue".

According to the State Department, those sanctions will include the presumed denial of export licenses for Russian Federation to purchase many items with national security implications. The first round of sanctions will take effect on August 22, while a second round may be introduced in 90 days in case Russian Federation fails to meet certain conditions, the State Department said.

Washington said on Wednesday it would impose new sanctions on Russia by August ending after it determined that Moscow had used a nerve agent against a former Russian agent and his daughter in Britain.

Russian Prime Minister Dmitry Medvedev warned of retaliatory measures against US.

Distrust between the two countries has spiked amid Russia's renewed aggressiveness on the world stage, starting with the annexation of Crimea in 2014 and Moscow's subsequent interference in the 2016 US presidential election.

The Guardian on Monday reported that London is preparing to ask Moscow to extradite two Russian citizens suspected of carrying out the Salisbury nerve agent attack in March.

During a regular press call on Thursday, Peskov said that it was "too early" at the moment for possible retaliatory sanctions to be discussed and reiterated the claim that Russian Federation was not involved in the poisoning of the former spy in Salisbury, England.

Reuters curiously leaves out the catalyst for the sanctions applied by the White House, never mentioning the assassination attempt on Sergei Skripal and the Russian use of a chemical weapon in the United Kingdom, a key usa ally.

He said the new sanctions amount to "inflicting a punishment in the absence of a crime, in the tradition of lynch law".

The Russian ruble plummeted to its lowest level against the dollar since 2016 on Thursday as Washington prepares to penalize Moscow for a chemical attack in the United Kingdom earlier this year.

In the run-up to a summit between Trump and Russian President Vladimir Putin in Helsinki last month, USA officials repeatedly called out Russia over its "malign" activities, but Trump did not use such language during a news conference with Putin.

"Vladimir Putin must know that we will not tolerate his deadly acts, or his ongoing attacks on our democratic process", Royce said.

Russian Federation has vehemently denied any involvement in the poisoning.

Russian Federation denies involvement in the attack and has accused Britain of failing to share its evidence. "And our American friends need to understand this".

Word of more USA sanctions has rattled the Russian currency and stock markets.

Sanctions waivers were in place for certain key sectors, including space flight activities and commercial aviation safety, the official said.

Vanessa Coleman