US imposes fresh sanctions for Russian cyber-related activity

Kevin Lamarque  Reuters

"This insulates them from US dollar freezes and sanctions".

President Trump on Monday said he would consider lifting sanctions on Russian Federation if Moscow were to take steps towards working with the US on issues like Russian Federation and Ukraine.

Despite a lack of tangible improvement in relations, which are at their lowest ebb since the end of the Cold War, Putin on Wednesday reiterated that the meeting was "useful".

"As for our meeting with Trump, I view it as positive and useful", Putin said.

"President Trump is the most active president on social media that there's ever been", the British foreign secretary said.

"We think the direct impact of these new restrictions on the Russian economy will be modest as most of national security goods exports were already banned by the Obama administration", HSBC economist Artem Biryukov said.

Without further action, Hunt said, NATO's "credibility" will be undermined.

"Today, the United Kingdom asks its allies to go further by calling on the European Union to ensure its sanctions against Russian Federation are comprehensive, and that we truly stand shoulder to shoulder with the U.S".

Already, existing sanctions are believed to have cost Russian Federation up to $10 billion in arms sales alone, while slashing foreign investment by 80 percent.

As Russia buys gold, it continues to sell US Treasurys. "We will not hesitate to do so if its conduct does not demonstrably and significantly change".

The Russian vessels were designated or black-listed for breaking the sanctions by transferring oil to ships from the rough regime, officially known as the Democratic People's Republic of North Korea.

On Tuesday, the US Treasury Department imposed additional sanctions on two Russian individuals, three companies and six Russian-flagged ships, over alleged business ties with North Korea and Moscow's activity in global cyberspace.

Indeed, Mitchell made no secret of the USA defense sector potentially taking advantage and boasted that the American sanctions so far cost Moscow from $8 to $10 billion in arms deals, according to State Department estimates.

Moscow has rejected Microsoft's allegations, saying there is no evidence to support them.



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