Putin dismisses 'counterproductive and senseless' US sanctions

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Russian President Vladimir Putin called sanctions against Russia "counterproductive and senseless" following talks Wednesday with his Finnish counterpart Sauli Niinisto.

On Tuesday, the USA slapped sanctions on two Russian shipping companies over alleged oil trading with North Korea.

TASS also reports that sanctions apply to six Russian vessels for violating US sanctions regarding North Korea.

In another separate announcement, the Treasury targeted two entities and six vessels for violating the United Nations and USA sanctions on North Korea. He also warned that the administration was concerned about election meddling by China, Iran and North Korea.

"As usual, [Washington provided] no evidence or justification while only throwing out vicious innuendos", Sergey Ryabkov said in a statement on United States accusations that Russian Federation violated global restrictions on trade with North Korea and is engaging in some illicit activities in cyberspace.

"From January 2017, the administration imposed sanctions against 217 Russian legal entities and individuals for a variety of reasons, 200 of which have entered the Office for foreign assets control of the U.S. Treasury Department". The companies include Vela-Marine Ltd. and two people associated with sanctioned companies, Marina Igorevna Tsareva and Anton Aleksandrovich Nagibin.

In the months since Trump's June summit in Singapore with Kim Jong Un, the North Korean leader, North Korea has shown few signs that it intends to surrender its nuclear or ballistic weapons or even to slow down the manufacture of new ones.

"Today, the United Kingdom asks its allies to go further by calling on the European Union to ensure its sanctions against Russian Federation are comprehensive, and that we truly stand shoulder to shoulder with the US", Hunt will say, according to the excerpts.

The action targets Primorye Maritime Logistics and Gudzon Shipping, both based in Vladivostok, Russia, as well as six Russia-flagged vessels, including five identified as linked to Gudzon. "We are ready to compete with anyone, but we expect a fair competition in line with worldwide norms". He says the European Union should review its sanctions and make sure "we truly stand shoulder to shoulder with the U.S". The British Embassy previewed his speech on Monday.

The weaker rouble usually spurs inflation and curtails economic activity but boosts Russia's budget revenues, since commodities are sold overseas for dollars.