USA to slap sanctions on Russian Federation over nerve agent attack

Andrew Cummings
August 10, 2018

Nevertheless, the currency took a battering on the money markets, sliding to its lowest level since late 2016 on Thursday, hitting 66.7099 roubles to the dollar.

Peskov was referring to the nerve-agent attack on former spy Sergei Skripal and his daughter Yulia in March.

Despite assurances, the ruble fell to a two-year low, and shares of Russian companies likely affected by the sanctions - including several banks and Russia's national air carrier Aeroflot - dipped in value. Mr Skripal and his daughter recovered after intensive care in hospital, and their current whereabouts are being kept secret.

On Wednesday, Russia's Kommersant daily published excerpts from another piece of draft US legislation which proposes a ban on USA citizens purchasing Russian sovereign debt as well as steps against the country's biggest banks as well as its oil and gas sector, a key driver of the economy.

UK Foreign Secretary Jeremy Hunt thanked the USA on Thursday in a tweet.

"And it would be react to this war economically, politically, or, if needed, by other means", he said. Let us welcome the United Sanctions of America!

The State Department announced Wednesday it will impose new sanctions on Russian Federation for allegedly using a chemical weapon in an attempt to kill a former spy and his daughter in Britain earlier this year.

The Russian embassy in the USA hit back on Thursday morning.

"Our American friends should make no mistake about it", he emphasized.

While Russia reserved the right to retaliate against new trade restrictions, the USA threatened to intensify sanctions within three months, by potentially cutting off almost all exports and imports and banning the Russian airline Aeroflot from flying to the US. There will also be some further restrictions on Russian access to U.S. financial services.

A second set of measures could be substantially broader and would be imposed if Moscow fails to meet a 90-day deadline to provide "reliable assurances" it will no longer use chemical weapons, allow on-site inspections by the United Nations or other global observer groups, and respond to other USA demands.

The U.S. made a similar determination in February when it found that North Korea used a chemical weapon to assassinate North Korean leader Kim Jong Un's half brother at the airport in Kuala Lumpur, Malaysia, in 2017.

Countries can also impose financial sanctions.

All are prohibited from any transactions involving the U.S. financial system.

Instead, he said there were also delays in triggering the same type of USA sanctions after the two most recent chemical or biological attacks, one in Sryia by the Assad regime and another perpetrated by North Korea.

Foreign ministry spokeswoman Maria Zakharova said this afternoon that Moscow was starting to work on measures following Washington's decision to impose sanctions, which she claimed were using the Salisbury attacks in March as a pretext.

Mike Huckabee said President Trump doesn't get enough credit for his tough stance toward Russian Federation.

Other reports by iNewsToday