Thursday, March 20, 2014

Obama Imposes New Sanctions, Warns Russia Against Further Escalation

LOS ANGELES TIMES: WASHINGTON — President Obama on Thursday announced new economic sanctions against Russian government officials, influential individuals and a Russian bank, threatening to come back with tougher penalties if Moscow does not deescalate the crisis in Ukraine.

“Further escalation will only isolate it further from the international community,” Obama said in remarks on the South Lawn of the White House. The U.S. is concerned that "Russia has positioned its military" in a threatening way, he added.

The president said the new sanctions would target additional senior Russian government officials, other individuals with "substantial resources and influence," and a bank. He also signed an executive order that would allow him to slap broader sanctions on sectors of the Russian economy, a move that “is not our preferred outcome,” Obama said, acknowledging that such sanctions could be “disruptive” to the global economy. » | Kathleen Hennessey and Christi Parsons | Thursday, March 20, 2014