The bill provides sanctions against individuals involved in the Skripal's case and Russian financial institutions, till Putin stops acting towards the murder of expatriates and dissidents outside of Russia.
But the move is likely to provoke a strong response from the Kremlin, which has expressed increasing exasperation with Washington's policies under the Trump administration despite hopes that the president may take a softer approach toward Moscow.
The politicians noted in the joint statement that Russia's government has authorized an attack on the British territory, which is a violation of the global law.
Nineteen people, including several former members of the Trump campaign, have so far been hit with criminal charges stemming from the special counsel investigation into Russia's interference in the 2016 election, including possible collusion.
The president had long disputed the idea that Russia's alleged cyber-espionage and propaganda efforts sped him to victory in the election, seeking better relations with Putin. "Russian oligarchs and elites who profit from this corrupt system will no longer be insulated from the consequences of their government's destabilizing activities". But officials said the goal was to put pressure on Mr Putin by showing that those who have benefited financially from his position of power are fair game. Assets of those targeted in the United States have been blocked, and all USA -based entities are forbidden from doing business with them.
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The US also has punished Russian Federation for other troubling activity, including its alleged involvement in the poisoning an ex-spy with a military-grade nerve agent in Britain.
A state-owned arms-dealing company, accused by the US of selling to Syrian President Bashar Assad, was also targeted, along with a subsidiary bank. Many other targets were associated with Russia's energy sector, including parts of Gazprom. "Now, the sanctions cover captains of Russian business who refuse to play to Washington's scenario", the embassy said.
It was not clear whether any of those hit have significant holdings in the US that could be seized, and if they did previously, they may have already moved their money elsewhere in anticipation of the sanctions. The action targets Russian oligarchs including Kirill Shamalov, who married Putin's daughter and has amassed a fortune since they tied the knot in February 2013; Oleg Deripaska, a senior Russian official who has been investigated for money laundering; and Suleiman Kerimov, who allegedly brought millions of euros into France in suitcases, according to the Treasury Department.
Twelve companies owned by the oligarchs, the state arms exporter and a bank are also sanctioned.
The new targets join a host of other US steps to punish Russia for troubling activities overseas, including its alleged involvement in poisoning an ex-spy with a military-grade nerve agent in the U.K. In tandem with European allies, the Trump administration expelled dozens of Russian diplomats in response and shut down a Russian consulate in Seattle. In tandem with European allies, the Trump administration expelled dozens of Russian diplomats and shut down the Russian consulate in Seattle.