US delays fresh sanctions on Russia

According to reporting by Reuters, Trump's administration has delayed new sanctions against Russia.

Key quotes:

Trump's administration is "unlikely to approve them unless Moscow carries out a new cyber attack or some other provocation, a senior administration official said on Monday."

"U.S. Ambassador to the United Nations Nikki Haley said on Sunday that Washington was preparing new sanctions on Russia over its support of Syrian President Bashar al-Assad."

" “The ambassador got out ahead of things this time,” the senior administration official, who deals with the issue, told Reuters on condition of anonymity."

"The official said Trump was concerned that immediately imposing more sanctions, on the heels of last weekend’s U.S.-led strike against Russian-backed Assad, would interfere with his efforts to negotiate agreements with Russian President Vladimir Putin on combating Islamic extremism, policing the internet and other issues."

"On Monday, the administration accused Russian government-backed hackers of a global cyber attack on routers and other networking equipment."

"Trump still believes he can negotiate with Putin, but that it is not likely to be productive if he is also criticizing him repeatedly, the first official said."

Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.