Trump administration declines to apply new Russia sanctions, for now

WASHINGTON (Reuters) - The Trump administration said on Monday it would not immediately impose additional sanctions on Russia under a new law designed to punish Moscow’s alleged meddling in the 2016 U.S. election, insisting the measure was already hitting Russian companies.

“Today, we have informed Congress that this legislation and its implementation are deterring Russian defense sales,” State Department spokeswoman Heather Nauert said in a statement. “Since the enactment of the ... legislation, we estimate that foreign governments have abandoned planned or announced purchases of several billion dollars in Russian defense acquisitions.”