Barack Obama has joined the European Union in sharply escalating
economic pressure on Moscow for its ongoing support of Ukranian
separatists in the wake of the shooting down of Malaysia Airlines flight
MH17.
The latest American measures targeted major sectors of the Russian economy, including weapons, energy and finance. Three large banks – VTB Bank OAO, Bank of Moscow and the Russian Agricultural Bank – were cut off from the US economy.
“Today, Russia is once again isolating itself from the international community, setting back decades of genuine progress,” the president said.
But Obama denied that the US had turned the clock back to the Soviet era in its relations with Russia. “It’s not a new cold war. What it is is a very specific issue related to Russia’s unwillingness to recognize that
Ukraine can chart its own path,” Obama said on Tuesday, hours after the European Union enacted new sanctions on the Russians.
Read more: US follows EU in setting new sanctions targeting Russian economy | World news | theguardian.com
The latest American measures targeted major sectors of the Russian economy, including weapons, energy and finance. Three large banks – VTB Bank OAO, Bank of Moscow and the Russian Agricultural Bank – were cut off from the US economy.
“Today, Russia is once again isolating itself from the international community, setting back decades of genuine progress,” the president said.
But Obama denied that the US had turned the clock back to the Soviet era in its relations with Russia. “It’s not a new cold war. What it is is a very specific issue related to Russia’s unwillingness to recognize that
Ukraine can chart its own path,” Obama said on Tuesday, hours after the European Union enacted new sanctions on the Russians.
Read more: US follows EU in setting new sanctions targeting Russian economy | World news | theguardian.com
No comments:
Post a Comment