Ryabkov: Russia to cut dependence on US if more sanctions imposed

Russia will further cut its dependence on the United States when it comes to systems in the financial and banking sectors if it is hit with more sanctions, Russian Deputy Foreign Minister Sergei Ryabkov said, RIA Novosti reported.

US Treasury Secretary Steven Mnuchin said yesterday that sanctions against Russia in retaliation for Moscow's meddling in the 2016 U.S. presidential election would be released shortly.

"We are actively working on those sanctions. You should expect them in the near future," he added.