President Barack Obama gave a statement on the crisis in Ukraine Tuesday, announcing tougher U.S. sanctions on key sectors of the Russian economy, including energy, arms and finance.
“Today is a reminder that the United States means what it says,” Obama said.
According to the Treasury Department, the U.S. penalties target the Bank of Moscow, the Russian Agricultural Bank and VTB Bank, the AP reports. Also listed on the Treasury designation is the United Shipbuilding Corp., which is based in St. Petersburg, Russia.
These new penalties against Russia follow tougher sanctions agreed to by European Union leaders earlier on Tuesday. White House spokesman …read more
Source: The Huffington Post
