Washington: United States President Donald Trump has said that his country's relationship with Russia is at all time "dangerous low."
Trump's remark comes a day after he signed a bill overwhelmingly approved by the Congress that imposes new sanctions on Russia.
Our relationship with Russia is at an all-time & very dangerous low. You can thank Congress, the same people that can't even give us HCare!
— Donald J. Trump (@realDonaldTrump) August 3, 2017
Trump also boasted his administration saying that business is looking better than ever with business enthusiasm at record levels and added that he will continue to get rid of costly and unnecessary regulations.
The sanctions bill targets Russia's mining and oil industry and aims to punish the country for interfering in the 2016 presidential election as well for its military aggression in Ukraine.
I am continuing to get rid of costly and unnecessary regulations. Much work left to do but effect will be great! Business & jobs will grow.
— Donald J. Trump (@realDonaldTrump) August 3, 2017
U.S. lawmakers on Thursday passed a legislation imposing new sanctions on Russia, Iran and North Korea and that will now head to the President Donald Trump's desk for his signature.
The bill was approved overwhelmingly by the Senators 98-2 and that gives Congress new powers to block Trump from easing sanctions. It passed the House on Tuesday 419-3.
This is one of the first major bipartisan pieces of legislation passed during Trump's presidency.
"Since this bill was first introduced, I have expressed my concerns to Congress about the many ways it improperly encroaches on Executive power, disadvantages American companies, and hurts the interests of our European allies. My administration has attempted to work with Congress to make this bill better," Trump said on signing the "Countering America's Adversaries Through Sanctions Act".
"We have made progress and improved the language to give the Treasury Department greater flexibility in granting routine licenses to American businesses, people, and companies. The improved language also reflects feedback from our European allies - who have been steadfast partners on Russia sanctions - regarding the energy sanctions provided for in the legislation. The new language also ensures our agencies can delay sanctions on the intelligence and defense sectors, because those sanctions could negatively affect American companies and those of our allies," the statement added.
Business is looking better than ever with business enthusiasm at record levels. Stock Market at an all-time high. That doesn't just happen!
— Donald J. Trump (@realDonaldTrump) August 3, 2017
Russian Prime Minister Dmitry Medvedev described the US sanctions as a "full-fledged economic war" on Moscow and said that Washington has crushed hopes for repairing the estranged ties.
"It is regrettable that the law on sanctions against Russia has come into effect in the United States. Its very title - "Countering America's Adversaries Through Sanctions Act" - speaks for itself. Its initiators are trying to impress on the US public a certain image of our country. This is a very short-sighted and even dangerous policy fraught with undermining stability for which Moscow and Washington bear special responsibility," Russia's Information and Press Department said in a statement.
