According to an unpleasant tradition of "August Eighth of the Year" once again brings the bad news. On Wednesday we discussed the text of the bill to expand sanctions against Russia, made in order for consideration in the US Congress by Senators Lindsey Graham and Robert Menendez.
Yesterday late in the evening it became known about another proposed package of sanctions - this time by the US State Department in response to events in the UK Salisbury. There are two pieces of news - good and bad. Bad - of the sanctions will come into force on August 22 (restriction of exports in the production of Russia, that would harm US national security). And after three months, if Russia does not provide assurances of refusing the use of chemical weapons and will not allow the UN experts on its facilities, the sanctions will be extended: to impose a ban on the purchase of Russian bonds, total prohibition of exports from the US to Russia, the prohibition of imports except food, suspension diplomatic relations, the prohibition of transport of state-owned airline. Good news - the sanctions proposed by the State Department, much less stringent than in the Bill Graham and Menendez.
By Alpari It is estimated that the relationship with Russia - one of the cards in a house of cards before the elections to the US Congress in November. Congressmen, Donald Trump and all the parties involved in the election are trying to cash in on this issue political points. In September, the US Congress returns from vacation and the "Russian question" will be one of the key before the parliamentary elections. It is likely that before the adoption of new sanctions case does not reach - in the bills will make changes, and even in the event of their actions may be delayed. Even discussion of sanctions to ensure Russia tensions, and for the ruble - the increased volatility in September and October. We do not rule out that the dollar will rise to 70 rubles. Stronger ruble weakening, we do not expect - the Russian economy looks strong, oil prices are high, the balance of payments surplus,
It seems that the truce in force between the US and Russia for the period of the World Cup is over. Note that since the beginning of the year the United States is increasing pressure on the countries with which they have economic and political differences. US policy has consistently announce measures against Russia, China and Turkey - each time more and more stringent.
US sanctions Alpari analyst