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)

Recent Headlines

in National

Gov’t health insurance website getting upgrades


Consumers shopping on the government's health insurance website should find it easier to get their questions answered this year.

in National

Volkswagen recall to start in January


The German carmaker plans to begin recalling cars affected by its diesel emissions crisis in January and complete the fix by the end of next year.

in National

McCarthy seeks to convince conservatives he’s not like Boehner


U.S. House of Representatives Majority Leader Kevin McCarthy sought to convince conservative lawmakers on Tuesday that he will be different from retiring Speaker John Boehner if McCarthy is elected as Boehner's successor this month.

in National

Forecast calls for lower heating bills this winter


Heating bills should drop this winter for most U.S. households, thanks to a combination of lower energy prices and warmer weather across most of the country.

in National

10 FOR TODAY: Wednesday, Oct. 7


Your daily look at the stories that will be talked about today.