President Vladimir Putin has said there is no need for Russia to further retaliate against US sanctions.

H e was speaking after President Barack Obama ordered a second round of sanctions targeting about two dozen members of Mr Putin's inner circle and a major bank supporting them.

Moscow made its first retaliatory shot by banning nine US officials and politicians from entering Russia.

Mr Putin said in televised remarks at today's session of the presidential Security Council that he sees no immediate need for further Russian retaliation and added that he would open an account with the Russian bank targeted by the latest US sanctions.

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