U.S. and EU introduce new sanctions against RussiaBarack Obama has joined the European Union in sharply escalating economic pressure on Moscow for its ongoing support of Ukranian separatists in the wake of the shooting down of Malaysia Airlines flight MH17, the Guardian reports.The latest American measures targeted major sectors of the Russian economy, including weapons, energy and finance. Three large banks – VTB Bank OAO, Bank of Moscow and the Russian Agricultural Bank – were cut off from the US economy.Obama denied that the US had turned the clock back to the Soviet era in its relations with Russia.
Barack Obama has joined the European Union in sharply escalating economic pressure on Moscow for its ongoing support of Ukranian separatists in the wake of the shooting down of Malaysia Airlines flight MH17, the Guardian reports.
The latest American measures targeted major sectors of the Russian economy, including weapons, energy and finance. Three large banks – VTB Bank OAO, Bank of Moscow and the Russian Agricultural Bank – were cut off from the US economy.
Obama denied that the US had turned the clock back to the Soviet era in its relations with Russia.
