US threatens new sanctions as Russia laughs off Putin list

The United States warned Tuesday that it may soon impose new sanctions on Russian figures, after Vladimir Putin laughed off the release of a US target list of his closest and richest allies. The world was braced for a US sanctions onslaught on Monday when a new law came into effect 180 days after President Donald Trump, still hopeful for warmer ties, begrudgingly signed it. The people on the list will not face immediate action -- despite calls for Moscow to be punished for alleged interference in the 2016 US election -- and Putin dismissed the United States' latest "unfriendly act" as a minor inconvenience.

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