News

Obama expands U.S. sanctions on Russians

Obama expands U.S. sanctions on Russians

MORE SANCTIONS: President Barack Obama makes a statement on Ukraine, Thursday, March 20, on the South Lawn at the White House in Washington, before he departed for Florida. President Barack Obama said the U.S. is levying a new round of economic sanctions on individuals in Russia, both inside and outside the government, in retaliation for the Kremlin's actions in Ukraine. He also said he has also signed a new executive order that would allow the U.S. to sanction key sectors of the Russian economy. Photo: Associated Press/Charles Dharapak

(Reuters) – President Barack Obama on Thursday announced further sanctions against prominent Russians and cleared the way for possible sanctions on key sectors of the Russian economy in response to Moscow’s seizure of the Crimea region from Ukraine.

The U.S. president, speaking at the White House, said Russia’s threats to southern and eastern Ukraine posed a serious risk of escalation of the crisis in the region.

“We’re imposing sanctions on more senior officials of the Russian government. In addition, we are today sanctioning a number of other individuals with substantial resources and influence who provide material support to the Russian leadership, as well as a bank that provides material support to these individuals.”

The White House, which on Monday announced a first round of sanctions against 11 Russians and Ukrainians it said were involved with the Crimea annexation, was expected to detail the targets of the expanded sanctions shortly after Obama spoke.

Obama said he had signed a new executive order expanding the U.S. government’s authority to take measures against economic sectors.

“This is not our preferred outcome… However, Russia must know that further escalation will only isolate it further from the international community,” the president said. He was speaking on the White House south lawn before leaving on a trip to Florida.

“Over the last several days, we’ve continued to be deeply concerned by events in Ukraine,” Obama said, citing what he called an illegal referendum in Crimea, an illegitimate move to annex the territory Crimea, and “dangerous risks of escalation, including threats” to Ukraine.

“These are all choices that the Russian government has made, choices that have been rejected by the international community as well as the government of Ukraine. And because of these choices the United States is today moving, as we said we would, to impose additional costs on Russia,” he said.

(Reporting by Steve Holland and Jeff Mason. Additional reporting by Susan Heavey. Writing by David Storey)

Recent Headlines

in Local

Springfield Clinic’s “GIVE75″ Campaign Continues

Fresh
sojourn

Springfield Clinic is celebrating its 75th birthday but the company is giving the presents instead of receiving

in Local

Bar Assoc. Offers Help Voting for Judges

Fresh
gavel2

How do you know how to vote for judges? The Illinois State Bar Association has some help.

in Election 2014, Local

Rauners Say Bruce and Quinn Agree on Social Issues

Fresh
Illinois Republican gubernatorial candidate businessman Bruce Rauner participates in a Republican gubernatorial candidate debate Tuesday, Feb. 18, 2014, in Springfield, Ill. The four Republican gubernatorial candidates said that they’ll be willing to work with unions if elected but differed on how to approach the relationship during a downstate debate that largely focused on pension reform, taxes and just briefly on personal issues that have dogged some of the candidates.

Speaking to a coalition of women supporting her husband’s campaign, Diana Rauner said Gov. Pat Quinn has tried to take the focus off jobs and the economy.

in Local

Springfield Man Sentenced for Bankruptcy Fraud

Fresh
jail

A Springfield man has been sentenced to 10 months in federal prison for bankruptcy fraud.

in Local

Three Killed in Vandalia When Train, SUV Collide

Updated
medical

Coroner Bruce Bowen said late Thursday the victims were an adult female and two children, a boy and a girl.