In a statement, published on the ministry website, he also said the sanctions were introduced under a "false pretence".
Separately, the Treasury Department imposed new sanctions on two Russians, one Russian company and one Slovakian firm over actions it said helped another Russian company avoid sanctions over cyber-related activities.
It also announced sanctions on two Russian shipping companies and six vessels it said were involved in the transfer of refined petroleum products to North Korean vessels in violation of United Nations restrictions. It also targeted two Russian shipping companies suspected of transferring petroleum products to North Korean vessels in violation of U.N. Security Council resolutions. But while negotiations with North Korea were going well, the administration largely turned a blind eye to the problem.
The Russian-flagged ship Sevastopol, one of six Russian vessels sanctioned by the United States, arrived at Busan Port and remained anchored there as of Tuesday, according to global shipping data site Marine Traffic.
However, Billingslea said in the hearing that considering the size of the Russian economy and its deep integration into the global economy and financial system, USA "sanctions are not and can not be the only tool on which we rely". That company was sanctioned in June for procuring underwater equipment and diving systems for Russian government agencies.
Hunt made the call on his first USA trip as Foreign Secretary, telling the audience at the United States Institute for Peace that the European Union should be "blunt" and ensure its sanctions against Russian Federation mean the continent stands "shoulder-to-shoulder with the US".More news: India vs England, 3rd Test: Five talking points from Day 1
The department said the buyer of the oil was the Workers' Party of Korea Office, which the US described as engaging "in illicit economic activities for North Korean leadership" in a statement issued Tuesday.
In an announcement on Tuesday, the Treasury targeted two entities and two Russian individuals "in order to counter attempts to evade U.S. sanctions", reports Xinhua news agency.
The sanctions seek to pressure North Korea to give up its nuclear program.
"So we're not saying we're going to do exactly the same thing, but we have to make sure that our reaction is to stand shoulder to shoulder with America".
In a speech at the US Institute of Peace, Mr Hunt is due to say that, under Mr Putin, Russia's "aggressive and malign behaviour undermines the global order that keeps us safe". The British Embassy previewed his speech on Monday. According to reports in July, Russia lowered its holdings of U.S. debt from $96.1 billion in March to $48.7 billion in April and then to just $14.9 billion in May.