Obama orders new round of sanctions, Russia retaliates

2014-03-20 18:06
Barack Obama. (File, AFP)

Barack Obama. (File, AFP)

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Washington - President Barack Obama on Thursday expanded US economic sanctions against Moscow, targeting 20 individuals inside and outside the government, as well as a Russian bank that provides them support.

Obama, warning of more costs to come for the Kremlin because of its actions in Ukraine, said he also signed an executive order that would allow the US to penalise key sectors of the Russian economy.

The president said the penalties were the result of "choices the Russian government has made, choices that have been rejected by the international community".

The sanctions announced on Thursday followed a first round of economic penalties levied earlier in the week on 11 people the US said were involved in the dispute in Ukraine.

Russia moved its military into Ukraine's Crimean Peninsula three weeks ago and has since formally annexed the strategically important region into its borders.

The US has declared Russia's incursion into Crimea a violation of international law and does not recognise its annexation of the peninsula.

In retaliation, Russia says it has imposed entry bans on nine US lawmakers and officials.

The Russian Foreign Ministry on Thursday released the list that includes John Boehner, the speaker of the House of Representatives, Robert Menendez, the head of the Senate Foreign Affairs Committee, other senators and administration officials.

The move came minutes after President Barack Obama introduced a new round of US sanctions.

Read more on:    us  |  russia  |  ukraine

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