France, Britain and Germany warned Russia on Saturday that its demands to have its trade guaranteed with Iran risked the collapse of an almost-completed nuclear deal.
U.S. President Joe Biden on Friday said the United States will revoke Russia's "permanent normal trade relations" status to punish Moscow over its invasion of Ukraine.
The Kremlin said on Thursday that Russia's economy was experiencing a shock and that measures were being taken to soften the impact of what it described as an "absolutely unprecedented" economic war being waged against Moscow.
Russian President Vladimir Putin said on Thursday that Russia would ultimately emerge stronger and more independent after overcoming the difficulties caused by what he called the West's illegitimate sanctions.
The European Union announced fresh sanctions against Russia and its ally Belarus on Wednesday but EU leaders are set to rebuff Kyiv's appeal for accelerated membership of the bloc when they meet on Thursday to discuss Russia's war in Ukraine.