The US House of Representatives approved by a 419-3 vote on Tuesday a new version of a bill that would impose sweeping sanctions on Russia, Iran and North Korea, and limit President Donald Trump's ability to lift the restrictions on Moscow.
Russian President Vladimir Putin, who has repeatedly denied the conclusions of U.S. intelligence agencies that Moscow interfered using cyber warfare methods, has threatened retaliation against the legislation.
Putin's comments came days after the House voted 419 to 3 to approve legislation that would direct the president to impose sanctions against Iran, keep in place current sanctions against Russian Federation and modify the president's authority to impose sanctions against North Korea. "The response [to sanctions] will depend on the final form of the law now discussed in [the US] Senate that we will see", Russia's President stated. It was expected to garner strong support in the Senate, despite concerns about it from Mr Trump.
A bipartisan agreement has been passed by the U.S. Senate in support of the "Countering America's Adversaries Through Sanctions Act".
Republicans and Democrats have pushed for more sanctions partly as a response to the election allegations.
Several congressional committees and a federal special counsel are investigating possible collusion between Moscow and Trump's campaign, something both Trump and the Kremlin deny.
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He bemoaned the worsening of relations with the United States, saying "Of course, we regret it very much".
The measure would apply terrorism sanctions to the country's Revolutionary Guards and enforce an arms embargo. Anthony Scaramucci, the white house communications director, suggested on CNN that the President may veto the measure in an attempt to "negotiate an even tougher deal against the Russians" himself.
There was no definite word on when the Senate might vote on the bill but lawmakers said they thought a vote could be as soon as Friday.
Russia's leader Putin has declared the still to be adopted new sanctions against Russian Federation to be a special kind of "cynicism". "That doesn't make any sense", said Edward Fishman, a former State Department official during the Obama administration who worked on US sanctions policy.
"It's impossible to endlessly tolerate this boorishness towards our country", Putin told a joint news conference with his Finnish counterpart.
Putin said on a visit to Finland on Thursday that Russian Federation was "exercising restraint and patience, but at some moment we'll have to retaliate. This practice is unacceptable, it destroys worldwide relations and global law", he said.
"When Putin mentioned "neutral countries in the Baltic sphere" and "Finnish independent foreign policy", he sent the message he does not want to see all of the Baltic basin as members of North Atlantic Treaty Organisation", said Kanerva.