The Russian government has canceled an upcoming high-level meeting with U.S. officials intended to help curb increasing tensions between the two military powers.

According to a statement released by the Russian Foreign Ministry, the meeting has been canceled in direct response to the recent expansion of U.S. sanctions on Russian individuals and organizations tied to the military annexation of Crimea in 2014.

“As we know, in the next few days there were plans to continue the bilateral consultations on the ‘irritants’ that we have accumulated in our Russian-American relations, plans to find ways out of the extremely difficult situation in which the American side wore the partnership and cooperation with Russia down,” a statement from the Russian Foreign Ministry said.

“After yesterday’s decision on sanctions, the situation does not allow for a round of such a dialogue, especially as there is no content for it, since Washington didn’t offer nor is offering now anything specific,” the ministry said.

The Statement went on to warn that Russia will respond to U.S. sanctions with “practical retaliatory measures.”

Among the 38 people and entities included in the new sanctions were two Russian government officials.  As a part of the sanctions, any assets belonging to those parties within the United States will be frozen, and they are banned from doing business with any U.S. based companies, organizations, or individuals.

“This administration is committed to a diplomatic process that guarantees Ukrainian sovereignty, and there should be no sanctions relief until Russia meets its obligations under the Minsk agreements,” Treasury Secretary Steven Mnuchin said in the statement on Wednesday.

State Department Spokesperson Heather Nauert said she regretted Russia’s decision, but emphasized that these sanctions are merely an expansion of pre-existing legislation that came about as a result of Russia’s actions in Crimea.