WASHINGTON: The Obama administration reaffirmed its commitment to maintaining sanctions on Russia over Crimea with new financial restrictions announced Tuesday on Russian businessmen and companies.
While the sanctions are not unusual, the timing is, as Donald Trump’s US election victory has created doubts about the future of US policy towards Russia and for a united approach to sanctions given his apparently softer line on President Vladimir Putin.
The US Treasury Department announced financial sanctions on seven Russian bankers and businessmen, and eight businesses with operations in Ukraine.
The actions show the US “remains steadfast in our commitment to maintain sanctions until Russia fully …read more
Source: The Manila Times
