News

Obama expands U.S. sanctions on Russians

Obama expands U.S. sanctions on Russians

MORE SANCTIONS: President Barack Obama makes a statement on Ukraine, Thursday, March 20, on the South Lawn at the White House in Washington, before he departed for Florida. President Barack Obama said the U.S. is levying a new round of economic sanctions on individuals in Russia, both inside and outside the government, in retaliation for the Kremlin's actions in Ukraine. He also said he has also signed a new executive order that would allow the U.S. to sanction key sectors of the Russian economy. Photo: Associated Press/Charles Dharapak

(Reuters) – 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.

(Reporting by Steve Holland and Jeff Mason. Additional reporting by Susan Heavey. Writing by David Storey)

Latest Stories

in National, Sports

Los Angeles wants to host 2024 Summer Olympics

20-overlay1

The Los Angeles City Council voted unanimously on Tuesday to pursue a bid to bring the Summer Games to town in 2024 and become the only city besides London ever to host the Olympics three times.

in Albemarle County, Charlottesville City, Local, Surrounding Counties, UVA, UVA Sports

UVA Great Tom Scott Dies

Scott Tom 090115 (sent to us)

Tom Scott, the first two-sport All-American at the University of Virginia, has died.

in Sports

Top seeds in a hurry on day of U.S. Open upsets

serena

World number ones Serena Williams and Novak Djokovic launched their U.S. Open title bids in ruthless style.