U.S. intensifies sanctions on Russia over Ukraine

By Arshad Mohammed and Bill Trott WASHINGTON (Reuters) – The United States hit Russia’s largest bank, a major arms maker and arctic, deepwater and shale exploration by its biggest oil companies with new sanctions on Friday to punish Moscow for its intervention in Ukraine. The sanctions, coordinated with similar European Union steps, were triggered by what the West sees as Moscow’s recent effort to destabilize eastern Ukraine by backing pro-Russian separatists with troops, heavy arms and cross-border shelling.. They are the latest economic penalties imposed by the West since Russia annexed Crimea from Ukraine in March. The sanctions target companies including Sberbank, Russia’s largest bank by assets, and Rostec, a conglomerate that makes everything from Kalashnikovs to cars, by limiting their ability to access the U.S.

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