After the lower house passed the new bill in May, Russian President Vladimir Putin today signed off on new measures, designed to protect Russia from United State and its allies, Impeding on Russian interest, security and sovereignty. Coming into immediate effect upon signing, this new bill aims to negate USA unwarranted actions and preserving Russia territorial integrity, political and economic stability.
In April, Washington launched new political and economic sanctions against Russia, its citizens and its businesses. American sanctions targeted, lawmakers, senior government official, business owners and private to state owned companies. This new round of sanction threatens US-Russia bilateral relation and is harmful to thousands of Russian citizens. Russian Prime Minister Dmitry Medvedev stated that Russia has every right to respond in kind and to look into renegotiation of trade deals.