Kremlin calls new US sanctions illegal, says financial system stable

  • Kremlin spokesman Dmitry Peskov, speaking to reporters on a conference call, said the U.S. move was "absolutely unfriendly," but said Moscow continued to hope that for an improvement in battered U.S.-Russia relations.
  • News of the U.S. measures sent the ruble tumbling to two-year lows at one point and sparked a wider asset sell-off over fears that Moscow was locked in a spiral of never-ending sanctions.

People walk past an electronic screen showing Russian President Vladimir Putin, who speaks during a session of the St. Petersburg International Economic Forum (SPIEF), in St. Petersburg, Russia May 25, 2018.
Sergei Karpukhin | Reuters
People walk past an electronic screen showing Russian President Vladimir Putin, who speaks during a session of the St. Petersburg International Economic Forum (SPIEF), in St. Petersburg, Russia May 25, 2018.

The Kremlin on Thursday said a new batch of sanctions on Moscow announced by the United States was illegal under international law and that Russia's financial system was stable.

Washington said on Wednesday it was imposing fresh sanctions on Russia by the end of August after determining that Moscow had used a nerve agent against a former Russian agent and his daughter in Britain, something the Kremlin denies.

Kremlin spokesman Dmitry Peskov, speaking to reporters on a conference call, said the U.S. move was "absolutely unfriendly," but said Moscow continued to hope that for an improvement in battered U.S.-Russia relations.

"Making a linking to these events (the British poisoning) is for us unacceptable and such restrictions like those passed by the American side earlier ... are absolutely illegal and do not correspond to international law," said Peskov.

News of the U.S. measures sent the ruble tumbling to two-year lows at one point and sparked a wider asset sell-off over fears that Moscow was locked in a spiral of never-ending sanctions.