"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 U.S. State Department expressed regret at the cancellation of Friday's talks. The objective of sanctions is to keep the pressure on Russian Federation to find a diplomatic solution, Finance Minister Steven Mnuchin said.
Shannon, who is now meeting with United Kingdom officials in London, was set to meet with Ryabkov in St. Petersburg on Friday.
The Russian defence ministry said on Tuesday that a USA reconnaissance RC-135 plane had swerved dangerously in the proximity of a Russian Su-27 fighter jet over the Baltic Sea.
Russian officials backed out of a planned meeting with American counterparts meant to smooth relations.
Russia and the West have been imposing sanctions against each other since the Black Sea peninsula of Crimea rejoined the Russian Federation in 2014. It was reported earlier that the summit planned for June 22-23 recommended extending the economic sanctions against Russian Federation, which the European Union ties to the implementation of the Minsk Agreements.
Despite some reluctance from Moscow-sympathetic members like Italy, these sanctions-restricting Russian banks' worldwide market access and blocking most arms trading-are expected to be unanimously renewed. "Let's remember that these sanctions didn't just come out of nowhere".
Russian Federation has expressed displeasure over new United States sanctions against it and called off talks with a senior USA administration official in response.
State Department spokeswoman Heather Nauert, in a statement, accused Russian Federation of violating the sovereignty of Ukraine.
On Tuesday, the United States increased sanctions with the intent to dissuade Russian Federation from continuing its occupation of Crimea.
The U.S. Treasury on Tuesday expanded its sanctions against Moscow over its interference in Ukraine and annexation of Crimea and the Kremlin said on Wednesday it is evaluating how to respond.
Separately, Ryabkov himself, in a foreign ministry statement, threatened that Moscow would take retaliatory measures.