Kremlin Calls US Sanctions Illegal

The Kremlin on Thursday said a new batch of sanctions on Moscow announced by the United States was illegal under international law and that Russia’s financial system was stable.

Washington said on Wednesday it was imposing fresh sanctions on Russia by the end of August after determining that Moscow had used a nerve agent against a former Russian agent and his daughter in Britain, something the Kremlin denies.

Kremlin spokesman Dmitry Peskov, speaking to reporters on a conference call, said the U.S. move was “absolutely unfriendly,” but said Moscow continued to hope that for an improvement in battered U.S.-Russia relations.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza