The United States is imposing harsh new sanctions on Russian energy and defense firms, the Treasury Department announced Friday, in response to American confirmation that Russian forces have fought alongside Ukrainian separatists.
The new sanctions restrict exports of American goods, services and technology to Russian’s largest oil companies for the purposes of tapping vast, but hard-to-reach energy reserves in Russia. Among the Russian companies affected by the sanction are state-owned Gazprom and Lukoil, the largest and second-largest energy companies in Russia.
“Today’s step, which complements Commerce Department restrictions and is similar to new EU measures published today, will impede Russia’s ability to …read more
Source: Time
