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)

Recent Headlines

1 hour ago in National

U.S. Supreme Court Justice Scalia dead at 79

Fresh
scalia

Scalia, appointed to the top U.S. court in 1986 by President Ronald Reagan, was known for his strident conservative views and theatrical flair in the courtroom.

1 day ago in Sports

The week’s best sports shots

Denver Broncos’ Peyton Manning holds up the trophy after the NFL Super Bowl 50 football game Sunday, Feb. 7, 2016, in Santa Clara, Calif. The Broncos won 24-10. (AP Photo/Matt York)

A look back at some of the best plays and biggest moments in sports this week.

1 day ago in Sports

The weekend sports schedule

kobebryantallstar

Here's a look at this weekend's sports schedule.

1 day ago in Entertainment

Bill Murray tosses fans’ phones off rooftop

billmurray

The "Ghostbusters" star was unwinding at rooftop restaurant in California on Thursday when he spotted two starstruck fans trying to snap his photo.

1 day ago in National

Making headlines this week

A couple is seen through an American flag as they walk to a polling place for the New Hampshire primary, Tuesday, Feb. 9, 2016, in Nashua, N.H. (AP Photo/David Goldman)

A look back at some of the week's biggest headlines and the stories you may have missed.