▲ Up
 
17:02 30-05-2017
MAIN АКИpress CA-News
ADVERTISE WITH US SUBSCRIBE
KazakhstanKyrgyzstanMongoliaTajikistanTurkmenistanUzbekistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
U.S., EU impose new sanctions on Russia over Ukraine
13:55, 17 July 2014, 778

AKIPRESS.COM - sanctions The U.S. and EU have slapped new sanctions on Russia, hitting its finance, military and energy sectors, with President Barack Obama saying the action was taken as Moscow continued its provocative and destabilizing actions in Ukraine, The Economic Times reported.

The U.S. Department of the Treasury imposed a broad-based package of sanctions yesterday on entities in the financial services, energy and arms or related material sectors of Russia as well as on those undermining Ukraine's sovereignty or misappropriating Ukrainian property.

“Russia has continued to destabilize Ukraine and provide support for the separatists, despite its statements to the contrary,” Under Secretary of Treasury for Terrorism and Financial Intelligence David Cohen said.

“Because Russia has failed to meet the basic standards of international conduct, we are acting today to open Russia's financial services and energy sectors to sanctions and limit the access of two key Russian banks and two key energy firms to U.S. sources of financing and to impose blocking sanctions against eight arms firms and a set of senior Russian officials."

“Given its continued provocations in Ukraine, today I have approved a new set of sanctions on some of Russia's largest companies and financial institutions,” Obama told White House reporters soon after Department of Treasury announced the new sanctions on Russia.

“Along with our allies, with whom I've been coordinating closely the last several days and weeks, I've repeatedly made it clear that Russia must halt the flow of weapons and fighters across the border into Ukraine; that Russia must urge separatists to release their hostages and support a ceasefire; that Russia needs to pursue internationally-mediated talks and agree to meaningful monitors on the border,” Obama said.

He said along with the many of European partners, they have made this clear directly to Russian President Vladimir Putin.

The European Union also ordered tougher sanctions against Russia yesterday over Ukraine, asking the European Investment Bank to sign no new financing agreements with Moscow.

The EU leaders, meeting in Brussels, agreed to act together to suspend financing of the new European Bank for Reconstruction and Development operations in Russia.

The sanctions by EU and the U.S. came after fighting between the Western-backed Ukraine government and pro-Russian insurgents took another violent turn, with 55 civilians killed since the weekend.

Reacting to the development, the Russian President warned that sanctions will boomerang and hit back at U.S. national interests.


Full access to all news articles in English

1 month2000 somsubscribe
year20000 somsubscribe
These subscription fees are for private individuals only. Please contact us via phone +996 (312) 900-776 or email info@akipress.org for corporate subscription inquiries
Twitterfacebookprint
LATEST NEWS
17:00 Korea, Serbia, Indonesia, and Romania envoys deliver credentials to president of Kazakhstan16:39 Cyber security concept to be developed in Kyrgyzstan16:37 Life in rural Kyrgyzstan: First sheep dip opens in Alay district16:36 Kyrgyzstanis commemorate people who died of AIDS16:27 Russian Interior Minister to visit Mongolia16:20 Kazakhstan ratifies $80-mln loan agreement with IBRD on Social Health Insurance Project16:10 OSCE conducts training courses on gender stereotypes and leadership for young women from rural areas of Tajikistan16:05 Drivers of Kyrgyzstan might be obliged to have breathalyzers in cars15:54 Kyrgyzstan's 28 companies enter EAEU roster: 24 companies can export to Russia, 25 to Kazakhstan15:18 Death toll from thunderstorm in Moscow climbs to 1415:16 Minister of Economy of Afghanistan: "Tajikistan willing to expand investments in Afghanistan’s power projects"15:14 $1.5 bn loans account for energy sector: Chief of National Energy Holding14:54 Number of wild animals grows by 4 times in Chon-Kemin over last 3 years14:51 IT expo held in Bishkek on sidelines of Taza Koom conference14:39 Zoo-keeper killed by tiger in UK14:20 Mudflow destroys road connecting Kyrgyzstan and Tajikistan14:18 President Atambayev receives Minister of Culture Kazakov14:12 Russia, Kazakhstan approve Kyrgyzstan's new biometric passport as travel document14:00 President of Kyrgyzstan extends condolences to President of Sri Lanka over devastating floods and landslides13:59 610 quake-affected houses in southern Kyrgyzstan to be demolished
© AKIpress News Agency - 2001-2017. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75