U.S. and E.U. Place New Sanctions on Russia

WASHINGTON D.C. (Worthy News)– President Barack Obama imposed new sanctions against several Russian banks, energy and defense firms, in an effort to stop alleged Russian support of separatists in Ukraine.

Related News on the Internet
Ukraine crisis: US and EU boost sanctions on Russia – BBC
The US and EU have bolstered sanctions against Russia over its alleged support for separatists fighting in Ukraine.

Russia dismisses US sanctions for Ukraine actions as ‘bullying,’ is ready to reciprocate – Fox News
Russia’s foreign ministry has dismissed the latest round of U.S. sanctions for its actions in Ukraine as ‘bullying’ and says it is ready to push back.

President Barack Obama has announced broader sanctions against Russia, targeting among others Russia’s largest oil company, Rosneft. The increased U.S. economic pressure is designed to end the insurgency in eastern Ukraine that is widely believed to be backed by the Kremlin. Moscow denies supporting the separatists.

U.S. Escalates Sanctions Against Russia Over Ukraine Crisis – Wall Street Journal
The Obama administration escalated its sanctions Wednesday against Russia over the fighting in Ukraine, marking a return to confrontation with President Vladimir Putin after determining that his hints at cooperation were leading nowhere.

The U.S. moves to impose restrictions on the Russian state-controlled oil giant OAO Rosneft and other top firms are aimed at squeezing Russia’s already struggling economy and financial system. They followed weeks of U.S. threats that Russia would face repercussions unless it helped defuse the crisis in eastern Ukraine, where pro-Russia separatists have been fighting the Ukrainian government for months.

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