Russia Denounces Tightening of US Sanctions and Long-Term Damage

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09 August, 2017

But that did not stop US Secretary of State Rex Tillerson and Russian Foreign Minister Sergey Lavrov from meeting for the first time since the Trump administration imposed new sanctions against Moscow. The U.S. has yet to decide on what retaliatory steps it would take, Tillerson said, only that those steps would be taken by September 1.

On August 2, US President Donald Trump signed into law the "Countering America's Adversaries Through Sanctions Act" that effectively imposes new sanctions against North Korea, Iran and Russian Federation.

The news wire's report of Russian Federation moving away from US economic systems is a sign of further steps Russian Federation is taking in response to the sanctions.

Russian Federation is reportedly working to cut back its dependence on US payment systems and the use of the American dollar as a settling currency, signaling the Kremlin is taking further retaliatory measures in response to new USA sanctions.

Ryabkov said that if the US continues the diplomatic tit-for-tat by expelling more Russian diplomats, Russia would respond in kind, Russian state-controlled news agency RIA reported. "I think there's no alternative to that", Lavrov told reporters after what he said was a lengthy meeting with US Secretary of State Rex Tillerson (above photo).

Russia, more than many other countries, has a vested interest in an effective USA presidential administration that can deliver on Trump's campaign promises. He said he shared with Tillerson how Russian Federation planned to carry out the expulsions but didn't provide details to reporters.

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"We should have places we can work together". "We talked about that in the discussion that we had with Mr Lavrov yesterday".

However, chief economist of the Eurasian Development Bank Yaroslav Lissovolik pointed out that coordinated efforts by energy resources' exporters may help them trade raw materials using national currencies and not just U.S. dollars.

Although the Trump administration has indicated no specific action against Thailand, Mr Trump has ordered a study into the causes of U.S. trade deficits.

"Russia does not yield to concessions under pressure and generally does not do anything under orders", Ryabkov said, repeating an assertion by Russian Prime Minister Dmitry Medvedev that the sanctions will only make Russia's economy stronger in the end. And the two countries continue to discuss expanding their limited cease-fire with Jordan in Syria's southwest corner, weeks after it was implemented and which has seen few violations. "Unsurprisingly, Russia can not simply ignore action of this kind, including the unlawful seizure of Russian diplomatic property since December past year. At the same time, we are ready to normalize the dialogue, if Washington gives up the confrontational line", he added. The two top officials discussed the Ukraine situation and several other issues of interest to the two countries. The next stages in settling the Syrian conflict were discussed too, including steps to build on the memorandum on establishing a de-escalation zone in Syria's southwest, agreed between Russian Federation, the United States and Jordan in July.

"However, North Korean representatives reacted in the same manner to all previously passed resolutions of the UN Security Council".

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