Kremlin came out with a statement on Thursday, citing that Russia will respond in kind to any 'illegal' US sanctions and defend its own interests, per Reuters.
Earlier on, Reuters reported that the US is set to slap sanctions on Russia as soon as Thursday for alleged election interference and malicious cyber activity.
The potential sanctions would restrain the American financial institutions from buying new bonds directly from Russia's central bank, finance ministry and the country's massive sovereign wealth fund after June 14.
The S&P 500 futures are unperturbed by the above comments, holding 0.49% higher near 4,140. The Russian equity markets, however, have tumbled on the prospects of the harshest US sanctions in years.
Meanwhile, USD/RUB is rising 1.12% to 76.75, having hit two-day highs at 77.50.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.