MOSCOW (AP) — Russia blasted the West’s new economic sanctions on Wednesday, accusing the U.S. of being “prosecutorial” in its drive to impose penalties on the country’s key energy and finance sectors.
The U.S. and European Union on Tuesday announced a raft of new sanctions that would limit the trade of arms and technology that can be used in the oil industry and for military purposes.
[…] analysts say the sanctions will inflict economic pain, not least because the resulting uncertainty will ensure investors stay clear from the dealings with those banks for fear of running afoul of sanctions.
The EU also moved …read more
Source: San Francisco Chronicle
