MOSCOW – Russia condemned a new round of U.S. sanctions as draconian on Thursday after news of the measures sent the rouble tumbling to two-year lows and sparked a wider asset sell-off over fears that Moscow was locked in a spiral of never-ending sanctions.
Moscow has been trying to improve battered U.S.-Russia ties with mixed success. Russia’s political and business leaders were quick to chalk up a summit last month between President Donald Trump and President Vladimir Putin as a victory.
But that initial triumphalism quickly turned sour. Anger over what some U.S. lawmakers saw as a too-deferential performance by Trump and his failure to confront Putin over Moscow’s alleged meddling in U.S. politics galvanized a new sanctions push against Moscow.