US widens sanctions on Russia


The Obama administration has widened the list of sanctions unilaterally targeting individuals as well as financial institutions and defense companies which the US believes are involved in destabilizing the situation in Ukraine.

The US has moved to impose tougher sanctions against Russia over the tense situation in Ukraine. The widened set of restrictions have been placed on the country’s largest oil producer Rosneft and major bank Vnesheconombank among others.

Wednesday’s announcement came only moments after a meeting concluded in Brussels between EU delegates, who soon after announced their own plan to wage penalties against Russia. Efforts to immediately impose broad, sectorial sanctions favored by hard-liners were rejected, however, in lieu of establishing a timetable that may allow for the EU to penalize Russia after the end of the month.

On Wednesday, the European Council asked that the European Investment Bank “suspend the signature of new financing operations in the Russian Federation.” Additionally, the Council revealed it will announce by the end of July what Russian entities and persons will be targeted by its own sanctions.

Meanwhile, among the individuals Washington has blacklisted are Minister for Crimean Affairs Oleg Savelyev, Deputy Chairman of the State Duma (Russian Parliament) Sergei Neverov, presidential aide Igor Shchegolev and Donetsk People’s Republic (DPR) PM Aleksandr Boroday.

Speaking of the new restrictions being levied during a press conference from the White House on Wednesday afternoon, US Pres. Barack Obama said the latest sanctions are targeted, but “designed to have maximum impact on Russia while limited any spillover affect on American companies” or allies.

“Russian leadership will see once again that its actions in Ukraine has consequences,” added Obama. “We live in a complex world and at a challenging time. None of these challenges lend themselves to quick or easy solutions, but all of them require American leadership.”

“The US will continue to offer our strong support to Ukraine,” Pres. Obama insisted.

Blacklisted defense sector companies include “Almaz-Antey” corporation, the “Kalashnikov” concern and Instrument Design Bureau, as well as companies and NGOs such as “Izhmash”,”Basalt” and Uralvagonzavod.

Another financial institution added to the sanction list is OAO Gazprombank, a company specializing in private banking and corporate financing services.



please note this was before the plane came down and i would think europe will need no invites now to join in but they do have to be careful in going to far and getting the lights turned off to energy sources..


~ by seeker401 on July 19, 2014.

2 Responses to “US widens sanctions on Russia”

  1. S anctions that will work

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