Moscow slams U.S. sanctions as 'absolutely illegal' while Russian markets tumble

Moscow slams U.S. sanctions as 'absolutely illegal' while Russian markets tumble

Moscow slams U.S. sanctions as 'absolutely illegal' while Russian markets tumble

Russia's embassy in the United States on Thursday called new US sanctions draconian and said the reason for the new restrictions - allegations it poisoned a former spy and his daughter in Britain - were far-fetched.

One of the hardest hit was Aeroflot, the Russian state airline, which could lose its ability to fly to the United States as a possible effect of the new sanctions.

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.

The US and European Union (including the UK) also enforced sanctions against Russia in 2014 as a result of the Russia-Ukraine conflict.

The rouble is stabilising as the market realises that the new US sanctions proposed by the White House are not as painful as the penalties proposed earlier by USA senators, analysts at Alfa Bank said in a note.

The US State Department said on Wednesday it would impose new sanctions by the end of August, after determining that Moscow used a nerve agent against a former Russian double agent, Sergei Skripal, and his daughter, Yulia, in Britain.

But Peskov said the sanctions undo the goodwill curried by presidents Trump and Putin at their Helsinki summit last month.

"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 USA history at the University of Roehampton, told i. One of them died. "So linking these events is unacceptable to us, and just as with previous USA sanctions we believe are absolutely illegal and against global law", Peskov told reporters. The first, which targets USA exports of sensitive national-security related goods, comes with deep exemptions and numerous items it covers have already been banned by previous restrictions.

A fresh round of economic sanctions are to come into force on August 22 as punishment for Russia's violation of worldwide law, the department said.

With those possible exemptions in mind, the State Department estimated the value of the new sanctions could "reach potentially hundreds of millions of dollars".

The Kremlin has strongly denied allegations that it was involved in the poisoning of Sergei Skripal and his daughter. The United Kingdom blamed Russia for the attack, resulting in the expulsion of 150 Russian diplomats from the U.K., USA and other allies.

Russian Federation used "chemical or biological weapons" to try to assassinate a former British spy, the USA said on Wednesday, adding that new sanctions would be imposed on the country for the attack.

President Trump had already moved to expell a hundred Russian diplomats from the U.S. following the attack.

The Russian embassy in the U.S. hit back on Thursday morning.

After pressure from Republican members of Congress, the state department has determined Moscow broke global law by using a military-grade chemical weapon on the Skripals.

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