REUTERS

"I am glad to announce that we have reached an agreement that will allow us to send sanctions legislation to the president's desk," Senator Bob Corker, the Republican chairman of the U.S. Senate Foreign Relations Committee, said in a statement on Wednesday evening, according to Reuters.

He said the Senate would move to approve sanctions on Russia and Iran that it originally passed in mid-June, as well as sanctions on North Korea developed by the House of Representatives and included in a bill the House passed overwhelmingly on Wednesday.

Read alsoNew U.S. sanctions against Russia explained by Ukraine embassyIf the bill passes the Senate as expected, it would be sent to the White House for Trump to sign into law or veto. It is, however, expected to garner enough support to override a Trump veto.

The House voted 419-3 on Tuesday to impose new sanctions on Moscow and force Trump to obtain lawmakers' approval before easing any punitive measures on Russia.

"This is rather sad news from the point of view of Russia-U.S. ties," said Dmitry Peskov, a Kremlin spokesman. "We are talking about an extremely unfriendly act."

Read alsoReuters: Juncker says EU could act rapidly to new U.S. sanctions on RussiaHe said President Vladimir Putin would decide if and how Moscow would retaliate once the sanctions became law. Russia's deputy foreign minister warned the move was taking bilateral relations into uncharted waters, killing off hopes of improving them in the near future.