Russian President Vladimir Putin, right, chairs a meeting at the Novo-Ogaryovo residence outside Moscow, Russia, Friday, July 28, 2017. Russian Prime Minister Dmitry Medvedev is on the left. (Alexei Nikolsky, Sputnik, Kremlin Pool Photo via AP)
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Russian Prime Minister Dmitry Medvedev labelled new US sanctions "economic war", as businesses in Moscow pledged Thursday to shrug off the impact of the measures approved reluctantly by Donald Trump.The US president signed off on the new sanctions Wednesday, bowing to domestic pressure after the White House failed to scupper the bill or water it down.The legislation -- which also includes measures against North Korea and Iran -- targets the Russian energy sector, giving Washington the ability to impose sanctions on companies involved in developing Russian pipelines, and placing curbs on some Russian weapons exporters.- Russia meddling -- The sanctions seek to penalize the Kremlin for allegedly meddling in the 2016 US presidential election and for Russia's annexation of Crimea.Trump had received the legislation at 1:53 pm on Friday, but waited until Wednesday to sign it.Expecting the signature, Moscow preemptively ordered Washington to reduce its diplomatic presence in Russia to 455 people before September 1 -- bringing it in line with the size of Russia's mission in the United States
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