U.S. Sanctions Major Russian Banks and Energy Companies : The Two-Way : NPR
President Obama outlined a new package of sanctions against Russian firms and individuals on Wednesday.
“These sanctions are significant but also targeted,” Obama said. “Russia will see that its actions in Ukraine have consequences.”
The administration targeted large banks, as well as energy and defense firms. The sanctions stopped short of covering entire sectors of the Russian economy.
Obama said they were designed to inflict pain on Russia without harming U.S. companies or the nation’s allies.
He said Russia had failed to heed calls that it stop weapons from flowing into Ukraine.
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