New US sanctions could pitch Russia relations to new low
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August 12, 2018
WASHINGTON (AP) — Russia typically brushes off new U.S. sanctions. Not this time.
The Trump administration announcement of export restrictions in response to accusations Moscow used a nerve agent to poison a former Russian spy in Britain sent the ruble tumbling to a two-year low and drew a stern warning from its prime minister. While the initial sanctions may have a limited impact, a second batch expected within months could hit the Russian economy much harder and send already tense relations into a tailspin.
If sanctions are expanded even further to target Russia's top state-controlled banks,...
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