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Obama Announces Expanded Sanctions Against Russia

Obama Announces Expanded Sanctions Against RussiaThe Obama administration is imposing new, deeper sanctions on Russia for its intervention in Ukraine, targeting Russian banks and energy and defense firms. “Given its continued provocations in Ukraine, today I have approved a new set of sanctions on some of Russia’s largest companies and financial institutions,” President Obama announced during a brief statement in the White House briefing room on Wednesday. “I’ve repeatedly made it clear that Russia must halt the flow of weapons and fighters across the border into Ukraine, that Russia must urge separatists to release their hostages and support a ceasefire, that Russia needs to pursue internationally mediate talks and agree to meaningful monitors on the border — I’ve made this clear directly to Mr. Putin,” he added.

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