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6/25/14

Ukraine: Business groups oppose any new sanctions on Russia

As the Obama administration threatens Russia with new sanctions, some business groups are pushing back on the idea.

The U.S. Chamber of Commerce and National Association of Manufacturers are preparing a newspaper ad saying that potential sanctions on Russian energy, defense and financial sectors might hurt U.S. businesses and workers.

"We are concerned about actions that would harm American manufacturers and cost American jobs," says Jay Timmons, president and CEO of the National Association of Manufacturers, in the ad.

Read more: Business groups oppose any new sanctions on Russia

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