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Russian President Vladimir Putin says a list of officials and businessmen close to the Kremlin published by the US has in effect targeted all Russian people.
The list names 210 top Russians as part of a sanctions law aimed at punishing Moscow for meddling in the US election.
However, the US stressed those named were not subject to new sanctions.
Mr Putin said the list was an unfriendly act that complicated US-Russia ties but he said he did not want to escalate the situation.
Mr Putin said Russia should instead be thinking about "ourselves and the economy".
Why did the US publish the list?
The government was required to draw up the list after Congress passed the Countering America's Adversaries Through Sanctions Act (Caatsa) in August.
The law aimed to punish Russia for its alleged meddling in the 2016 US presidential election and its actions in Ukraine.
Congress wanted the list to name and shame those who had benefited from close association with President Putin and put them on notice that they could be targeted for sanctions, or more sanctions, in the future.
President Donald Trump did not support Caatsa, even though he signed it into law, saying it was "unconstitutional".
Under the law, the list had to be delivered by Monday. The fact it was released about 10 minutes before midnight may reflect Mr Trump's coolness towards it, and his opposition to punishing more Russians with sanctions.
The top Democrat on the House Foreign Affairs Committee, Eliot Engel, accused the Trump administration of letting "Russia off the hook again" by not taking substantial action.
Who has been named?
Informally known as the "Putin list", the unclassified section has 210 names, 114 of them in the government or linked to it, or key businessmen. The other 96 are oligarchs apparently determined more by the fact they are worth more than $1bn (£710m) than their close ties to the Kremlin.
Most of Mr Putin's longstanding allies are named, many of them siloviki (security guys). They include the spy chiefs Alexander Bortnikov of the Federal Security Service (FSB) - which Mr Putin used to run - and Sergei Naryshkin of the Foreign Intelligence Service (SVR).
The men who control Russia's energy resources are listed: Gazprom chief Alexei Miller, Rosneft chief Igor Sechin and other oil and gas executives, along with top bankers like Bank Rossiya manager Yuri Kovalchuk.
The oligarchs include Kirill Shamalov, who is reported to be Mr Putin's son-in-law, although the Kremlin has never confirmed his marriage to Katerina Tikhonova, nor even that she is the president's daughter.
Internationally known oligarchs are there too, such as those with stakes in top English football clubs: Alisher Usmanov (Arsenal) and Roman Abramovich (Chelsea).
Will they face new sanctions?
Not at the moment. The US Treasury document itself stresses: "It is not a sanctions list, and the inclusion of individuals or entities... does not and in no way should be interpreted to impose sanctions on those individuals or entities."
It adds: "Neither does inclusion on the unclassified list indicate that the US government has information about the individual's involvement in malign activities."
However, there is a classified version said to include information detailing allegations of involvement in corrupt activities.
What does it mean for Russia's elite?
The good news for the Kremlin: this isn't a sanctions list. But the good news ends there.
Those Russian officials and oligarchs named by the US Treasury will worry that their inclusion could signal sanctions in the future.
Even before the list was made public, the Kremlin had claimed the US Treasury report was an attempt to meddle in Russia's presidential election.
The list reads like a Who's Who of the Russian political elite and business world.
Moscow won't want that to become a Who's Sanctioned.
(BBC)
