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Putin derides 'illegal' sanctions and Russian Federation probe as 'hysteria'

Putin derides 'illegal' sanctions and Russian Federation probe as 'hysteria'”

"The sanctions are absolutely illegal from the perspective of global law and they violate the principles of worldwide trade and World Trade Organisation rules ... we are being very restrained and patient, but at some point, we will have to respond", the Russian president noted, adding that his response would hinge on the final draft of the sanctions bill ratified by the Senate and signed by U.S. President Donald Trump.

Putin, speaking on a visit to Finland, was commenting on a vote by the US House of Representatives which on Tuesday chose to impose new sanctions on Moscow and to force President Donald Trump to obtain lawmakers' permission before easing any sanctions on Russian Federation. It was, however, expected to garner enough support to override a Trump veto.

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Putin also contended that former President Barack Obama's ordered seizure of Russian diplomatic property in the United States and expulsion of diplomats in response to the election meddling charges "goes beyond all reasonable bounds". Trump denies any collusion between his campaign and Moscow.

Mr Trump's concerns include a provision letting Congress stop any effort to ease existing sanctions on Russian Federation.

Republicans and Democrats have pushed for more sanctions partly as a response to the election allegations.

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Russian President Vladimir Putin has deplored a new round of United States sanctions on his country، saying Moscow will definitively respond to the embargos if they are implemented، according to PressTV.

"We see substantial scope for Russia's risk profile to deteriorate further in the coming quarters", said London-based economic and industry analysis group BMI Research in a note, adding the sanctions could affect big export pipeline projects such as Russia's NordStream 2.

Russian Federation has warned it could retaliate if the legislation is passed, and the European Union said the new sanctions might affect its energy security and prompt it to act, too.

There was no immediate word on when the Senate would vote but members of both parties have said they want to send it to Trump before they leave Washington mid-month for their summer recess. But White House Communications Director Anthony Scaramucci suggested Mr Trump in fact wanted stronger sanctions.

Although Trump has repeatedly spoken of a desire for improved relations with Russian Federation, the electoral interference allegations have prompted Democrats and Republicans to unite in support of tougher sanctions.

"The new round of USA sanctions against Russia is extremely cynical and it will be particularly regrettable because this would be an act of aggravation", Russia Today quoted President Vladimir Putin as saying.

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Trump can impose new sanctions at any time through an executive order.

An adviser to Russian Putin told Reuters that any tightening of the sanctions should not have a deeper impact but hope they would be lifted has faded.

"Technologically, this form is practically final", he said.

"This kind of blackmail aimed at restricting the cooperation between Russian Federation and other nations is a threat for many countries and global businesses", the statement said.

"As you know, we have been very restrained, but at some point you have to respond", news agencies quoted him as saying. Ryabkov went onto say that the economic sanctions would put the already tenuous relationship between the USA and Russian Federation into "uncharted territory in a political and diplomatic sense" and promised swift retaliation. "It's impossible to endlessly tolerate impudence directed at your country".

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