The Kremlin has slammed the "extra-territorial" use of sanctions by the US.

Kremlin
© Sputnik/Evegniya Novozhenova
Kremlin spokesperson Dmitry Peskov has described the new US sanctions on Russia as "unacceptable," however, noted that the restrictions imposed on Moscow have had a positive effect on the Russian economy despite also causing harm.

"The extra-territorial character of such laws is unacceptable, we are categorically against it," Peskov has stated, when asked to comment on the point in the US sanctions law, which includes the US authorities' obligations to check that people and companies from the list don't receive help from foreigners.

Peskov's statement comes after the US Treasury announced in a directive Washington had banned providing goods, services or technology for projects with Russia related to deepwater, arctic offshore or shale exploration or production.

The new ban relates to the projects that have the potential to produce oil in Russia, and involve any person "determined to be subject to this Directive or any earlier version thereof, their property, or their interests in property," according to the document.