President Barack Obama has imposed a wide-ranging trade ban on the Russian-annexed Crimea peninsula, with an executive order that bars exports of key U.S. goods and services and blocks Crimean imports.
A White House statement Friday said the order is “intended to provide U.S. clarity to American corporations doing business in the region.” It also said it aimed to demonstrate that Washington “will not accept Russia’s occupation” of Crimea.
The ban includes sanctions on 24 individuals and companies identified as contributing to unrest in eastern Ukraine.
The Russian parliament voted in April to annex the region, despite protests from the …read more
Source: Voice of America
