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Re: U.S. Escalates Sanctions Against Russia 

By: killthecat in FFFT3 | Recommend this post (1)
Thu, 17 Jul 14 1:33 AM | 93 view(s)
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Msg. 00449 of 65535
(This msg. is a reply to 00447 by clo)

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Obama's New Cold War. He's a smart cookie.


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The above is a reply to the following message:
U.S. Escalates Sanctions Against Russia
By: clo
in FFFT3
Thu, 17 Jul 14 1:18 AM
Msg. 00447 of 65535

U.S. Escalates Sanctions Against Russia

President Obama escalated sanctions against Russia on Wednesday by targeting a series of large banks and energy and defense firms in what officials described as the most punishing measures to date for Moscow’s intervention in Ukraine.

While the latest moves do not cut off entire sectors of the Russian economy, as threatened in the past, the administration’s actions go significantly further than the financial and travel limits imposed so far on several dozen individuals and their businesses. The new measures will severely restrict access to American debt markets for the targeted companies.

The moves were coordinated with European leaders, who were meeting in Brussels on Wednesday to consider their own package of penalties against Russia. The Europeans declined to go as far as the United States, instead focusing on a plan to block loans for new projects in Russia by European investment and development banks.

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http://www.nytimes.com/2014/07/17/world/europe/obama-widens-sanctions-against-russia.html?emc=edit_na_20140716


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