New U.S Sanctions Looms on Russia

It can be remembered that about two years ago, Russians celebrated over President Trump’s victory in the US presidential elections. Now, they’re likely feeling the hangover, as darkness looms over the awaited better relationship between US and Russia.

“Reckless” and “insane” were the Kremlin’s words of choice for a current push among US lawmakers to pass new Russia sanctions. In a strongly worded rebuke, Kremlin spokesman Dmitry Peskov on Thursday described the threat of new sanctions as “racketeering” and warned of “harmful consequences” if they are ever passed.

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“We consider this unacceptable and believe that such actions could go against the universally recognized rules of international trade,” Peskov said.

The harsh words came few days after non bi-partisan team of US legislators were deliberating on introducing a bill that impose stringiest measure on Russia over meddling with the US elections.

The sanctions would target Russian banks, the cyber sector, sovereign debt, and individuals. The bill would also impose strict measures on Russia’s lucrative oil and gas sector — where global energy companies are heavily invested.

Analyst warn of a serious effect on Russian economy suppose the bill is passed and signed into bill by President Trump.

Some lawmakers have considered the bill as the latest congressional attempt to push the government to take serious action against Moscow for having meddled with the elections.

Russia has, for the past few years, received threats from various countries over its malign activities ranging from election meddling to poisoning of spy to brewing conflict in Ukraine.

However, Russian officials have downplayed the impact on their economy stating that their nation has already adjusted to the sanctions and is determined to achieve its 2 percent growth.

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