WASHINGTON (AP) — Citing Russia’s stalled growth rate and a flow of foreign capital out of Moscow, U.S. and European officials hope a new round of sanctions targeting energy and defense entities, as well as major banks, will deepen Russia’s economic pain even further and force President Vladimir Putin to end provocations in Ukraine.
Roughly 30 percent of Russia’s banking sector assets are now constrained by U.S. sanctions, Obama administration officials said Tuesday, shortly after announcing new penalties.
The West is also halting future sales to lucrative Russian economic sectors, with the U.S. announcing plans to block future technology sales to the …read more
Source: San Francisco Chronicle
