Russian Federation hits back at 'unacceptable' sanctions as rouble tumbles

Russian Foreign Minister Sergei Lavrov in Moscow on July 31

Zakharova described the new sanctions as an "unfriendly act" and accused the us of trying to "demonize" Russian Federation.

At a press conference, Russian Foreign Ministry spokesperson Maria Zakharova says: "Talks (with Russia) from the positions of force and with an ultimative language are useless and have no prospects". The shares of Russian state-controlled banks, the national carrier Aeroflot and other companies also tanked.

The statement anticipated the sanctions would go into effect around August 22 in line with the Chemical and Biological Weapons Control and Warfare Elimination Act of 1991. He said the new sanctions amount to "inflicting a punishment in the absence of a crime, in the tradition of lynch law".

"In this way, the USA is consciously taking the path of further heightening of tensions in bilateral relations that have already been brought practically to zero by their efforts".

Former agent Sergei Skripal and his daughter Yulia were found unconscious at the beginning of March.

U.S. sanctions on Russian Federation will target exports of national security-related goods including sectors such as specialised oil and gas technology and some electronics and sensors, a senior U.S. State Department official said on Thursday.

The Financial Stability Board - an worldwide body that monitors and makes recommendations about the global financial system, said in a 2018 report, that Russia's financial system "continued to suffer from weak governance, including sometimes non-transparent ownership structures and deficiencies in reporting".

Sergei Skripal was a former Russian double agent living in the UK.

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European countries and the United States expelled 100 Russian diplomats after the attack, in the strongest action by Trump against Russia since he came to office.

In a statement Thursday, a Russian official said the U.S.is making "unacceptable demands" of Moscow and urged the cancellation of the sanctions.

Such technologies have often been used in items including electronic devices as well as calibration equipment.

Interested in Russia? Add Russia as an interest to stay up to date on the latest Russia news, video, and analysis from ABC News. These could go as far as a ban on Russian airlines using U.S. airports. The poison was smeared onto the front door of Skripal's home in Salisbury, England, and United Kingdom authorities have blamed the assassination attempt on the Kremlin. "Thank you United States of America for standing firm with us on this", Hunt said on Twitter.

Along with his daughter Yulia, he was left seriously ill after being poisoned by the nerve agent Novichok in March.

Nerve agent attack: What is Novichok?

Two more people - Dawn Sturgess and Charlie Rowley - were subsequently treated for exposure to novichok after Ms Sturgess reportedly picked up a discarded perfume bottle thought to have contained the agent.

Moscow has angrily rejected any involvement in the poisoning, plunging diplomatic relations with London into crisis. Moscow, in turn, responded to the global action by ordering its own expulsion of foreign diplomats.

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