Russian Federation accuses U.S. of waging 'ECONOMIC WAR' and vows to take revenge

Salisbury Spy Poisoning: US Says Russia Was Behind Nerve Agent Attack In UK, And Will Impose Sanctions

The Russian ruble plummeted to its lowest level against the dollar since 2016 on Thursday as Washington prepares to penalize Moscow for a chemical attack in the United Kingdom earlier this year. Claiming that the substance used in the attack had been a Novichok-class nerve agent developed in the Soviet Union, London rushed to accuse Russian Federation of being involved in the incident.

"And to this war, we will have to react by economic, political, and, in case of necessity, other methods".

Foreign Secretary Jeremy Hunt said states that "use or condone" chemical weapons "need to know there is a price to pay", adding: "Thank you U.S. for standing firm with us on this".

Zakharova described the new sanctions as an "unfriendly act" and accused the USA of trying to "demonize" Russian Federation.

The threat of more USA sanctions kept the rouble under pressure on Friday, sending it crashing past two-year lows at one point before it recouped some of its losses. Russian Federation doesn't retaliate almost so frequently, but has tended to respond to the biggest sanctions with comparable measures of their own.

A Russian Foreign Ministry spokeswoman said Thursday the new sanctions represent a fresh attempt to "demonize Russia".

The sanctions are expected to take effect later this month.

Following the incident, the British government said the military-grade nerve agent Novichok, of a type developed by Russian Federation, had been used in the attack.

"Russia could try to gain the support of other countries, but unfortunately the United States has a lot of power to bully other countries into following its policies", he said to RT.

The second tranche, which can be selectively activated after 90 days if Moscow fails to provide "reliable assurances" it will no longer use chemical weapons and blocks on-site inspections, is potentially more serious.

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The U.S. State Department on Wednesday invoked the Chemical and Biological Weapons Control and Warfare Elimination Act of 1991 to impose new sanctions against the government of the Russian Federation for using the banned Novichok chemical weapon against the Skripals.

The Russian economy is still reeling from global sanctions imposed on Moscow in 2014 over its actions in Ukraine and a crash in oil prices the same year.

The State Department announced the sanctions on Wednesday.

The announcement said that Russian Federation had broken global law by using a deadly nerve agent against its own nationals.

One tool it said it might use was limiting market volatility by adjusting how much foreign currency it buys.

"The Russian currency has been caught in a ideal storm of weakening crude oil prices and the new United States sanctions, in addition to the threat of even tougher punitive measures in the coming months", said Lilit Gevorgyan, an economist at IHS Markit.

Washington had become an unpredictable player on the global stage, Peskov added, saying "anything could be expected" from it and that it was important that Russia's financial system, which he described as stable, was prepared. "They are in general more draconian than the first round".

The United Kingdom blamed Russia for the attack, resulting in the expulsion of 150 Russian diplomats from the U.K., U.S. and other allies.

President Vladimir Putin discussed what the Kremlin called "possible new unfriendly steps by Washington" with his Security Council on Friday.

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