Obama Expands Sanctions on Russians over Ukraine Annexation

Thursday, 20 Mar 2014 11:42 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
President Barack Obama on Thursday announced further sanctions against prominent Russians and cleared the way for possible sanctions on key sectors of the Russian economy in response to Moscow's seizure of the Crimea region from Ukraine.

The U.S. president, speaking at the White House, said Russia's threats to southern and eastern Ukraine posed a serious risk of escalation of the crisis in the region.

"We're imposing sanctions on more senior officials of the Russian government. In addition, we are today sanctioning a number of other individuals with substantial resources and influence who provide material support to the Russian leadership, as well as a bank that provides material support to these individuals."

The White House, which on Monday announced a first round of sanctions against 11 Russians and Ukrainians it said were involved with the Crimea annexation, was expected to detail the targets of the expanded sanctions shortly after Obama spoke.

Obama said he had signed a new executive order expanding the U.S. government's authority to take measures against economic sectors.

"This is not our preferred outcome... However, Russia must know that further escalation will only isolate it further from the international community," the president said. He was speaking on the White House south lawn before leaving on a trip to Florida.

"Over the last several days, we've continued to be deeply concerned by events in Ukraine," Obama said, citing what he called an illegal referendum in Crimea, an illegitimate move to annex the territory Crimea, and "dangerous risks of escalation, including threats" to Ukraine.

"These are all choices that the Russian government has made, choices that have been rejected by the international community as well as the government of Ukraine. And because of these choices the United States is today moving, as we said we would, to impose additional costs on Russia," he said.

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Bigger Than Wal-Mart? Alibaba Soars More Than 40% in Debut

Friday, 19 Sep 2014 16:18 PM

Alibaba debuted as a publicly traded company Friday and swiftly climbed more than 40 percent in a mammoth IPO that offer . . .

Rep. McCarthy: War on ISIS Result of Years of Obama Failures

Friday, 19 Sep 2014 17:40 PM

The U.S. is preparing to bomb Islamic State (ISIS) strongholds and arm Syrian anti-government rebels because of Presiden . . .

Susan Rice: US Won't Telegraph Start of Syria Strikes

Friday, 19 Sep 2014 17:15 PM

Ten days after President Barack Obama said he had authorized U.S. air strikes against Islamic State targets in Syria, th . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved