Russia will consider a set of measures which will depend on how the United States will react to the situation, according to the Russian official.
Russian Foreign Minister Sergei Lavrov told United States counterpart Rex Tillerson on July 28, 2017 that Moscow remained ready to work with Washington despite striking back at new sanctions being readied approved by Congress. "Lavrov confirmed that our country is still ready to normalise bilateral relations with the United States and to cooperate on the most important global issues", Russia's foreign ministry said after a phone call between the two top diplomats.
Key among the provisions is one that handcuffs the United States president by complicating any of the leader's unilateral efforts to ease penalties against Moscow in the future - effectively placing him under Congress's watch.
Anthony Scaramucci, Donald Trump's new communications director, told CNN on Thursday that the President may veto bipartisan sanctions against Russian Federation, breaking with the widespread approval the sanctions received on Capitol Hill.
Mr Trump has repeatedly denied the existence of any Russian involvement in the election to help his campaign.
The Kremlin had previously said it would not impose any sanctions on the USA until Trump signs the bill.
"I would guess that he (Trump) will sign it", Corker said.
The U.S. was Russia's third-largest trading partner in 2016 with exports and imports valued at $25.6 billion, though that's still only about five percent of Russia's overall trade.
Republican staffers said that the US Senate will vote on the bill to sanction Russia, Iran and North Korea at 5 p.m. EST.
Russian officials also slammed the USA sanctions, saying they are motivated by "absolutely imaginary allegations of Russian involvement in their internal matters". Bob Corker, chairman of the Senate Foreign Relations Committee, told reporters: "I would guess that he (Trump) will sign it". "It is impossible to endlessly endure impudence towards our country".
The White House has given mixed signals on whether Trump will or won't sign the legislation.
Putin noted the sanctions against Russian Federation are illegal from the point of view of global law and World Trade Organization norms.