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Trump signs new anti-Russian sanctions act

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Trump signs new anti-Russian sanctions act


02.08.2017

pixabay.comDonald Trump has signed the new round of anti-Russian sanctions, earlier approved by the US House of Representatives, RIA Novosti reports. This law implements personal and sectoral sanctions not only towards Russian individuals and companies, but also Iran and North Korea.

Economists and political analysts were absolutely sure that US leader would sign the act after the US House of Representatives approved the new round of anti-Russian sanctions related to the oil and gas industry. However, even if Donald Trump decided to put a veto, the Congress would easily override it.

First faces of Russia have regretted these hostile policies, stating that adopting this act is yet another great obstacle to normalize Russian-American relations.

Let us remind, the new law imposes a reduction on holding short-term debt by sanctioned Russian financial institutions, it effectively prohibits long-term lending from US banks. Also US-Russian cooperation on the Northern Stream-2 project is now under ban. Leaders of some Eurooean countries, such as Germany and Austria, strongly opposed the sanctions, but US didn't take that into account.

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