Russia Reels Cries Foul After Us Sanctions Spiral Escalates

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Russia Reels Cries Foul After Us Sanctions Spiral Escalates

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.

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