President Joe Biden told Putin this week in their second call to "de-escalate tensions" following a Russian military buildup on Ukraine's border, and said the United States would "act firmly in defence of its national interests" regarding Russian intrusions and election interference.
"What is now being discussed - likely sanctions - will in no way help such a meeting".
Kremlin spokesman Dmitry Peskov said on Thursday, commenting on media reports about the new United States sanctions on Russian Federation, that there is no smoke without fire, and also stressed that the Kremlin condemns all the sanctions aspirations and sees them as illegal. He said the days of the USA "rolling over" to Putin were done.
Just a day earlier, Moscow was hailing the summit as a win for Putin, with officials saying that it was a sign Washington had budged first over the conflict in Ukraine.
"A key element of Moscow's strategy this election cycle was its use of proxies linked to Russian intelligence to push influence narratives - including misleading or unsubstantiated allegations against President Biden - to USA media organizations, US officials, and prominent USA individuals, including some close to former President Trump and his administration", the declassified report released by the Office of the Director of National Intelligence stated.
The Kremlin said on Thursday it would respond in kind to any new "illegal" new U.S. sanctions on Russian Federation and warned any new measures would reduce the chances of a summit between U.S. President Joe Biden and President Vladimir Putin taking place.
The West has expressed deep concern about the big build-up of Russian forces close to Ukraine's border, as fighting in eastern Ukraine between Russia-backed separatists and Ukrainian government forces has escalated.
The new sanctions bar U.S. financial institutions from purchasing new Russian national ruble debt for the first time, after a measure first adopted in 2019 targeted debt in foreign currencies.
"We condemn any intentions to impose sanctions, consider them illegal, and in any case the principle of reciprocity operates in this area", said Peskov.
But they also say the Kremlin is prepared, as Russian Federation has limited debt and a balanced budget.
"For over a decade, the policy of the Russian monetary authorities has been aimed at keeping the budget deficit at a low level", he said. The breach gave hackers access to thousands of companies and government offices that used the company's products.
Top intelligence officials on Wednesday told a Senate panel that Russian Federation would continue to employ "a variety of tactics" to undermine the United States, including mercenary operations, assassinations, arms sales, cyber capabilities and malign influence campaigns - but that Moscow did not seek military conflict.
Relations have since reached their lowest point since the Cold War, with the United States imposing a series of sanctions on Russian Federation, including over alleged hacking of its 2016 presidential vote and the jailing of Kremlin critic Alexei Navalny.