President Barack Obama will make a statement at 5:15 p.m. ET Wednesday to formally announce new sanctions on Russia, the White House said. Obama’s statement will come from the Brady Briefing Room of the White House. The Obama administration leveled its most punitive sanctions yet against Russia and the government of President Vladimir Putin on Wednesday, amid increasing tensions on the Ukrainian border between Ukraine’s forces and pro-Russian separatists. The new sanctions are aimed at a series of large banks and energy and defense firms, marking a significant escalation in the U.S.’s standoff with Russia. Up to this …read more
Source: Business Insider
