Thursday, July 17, 2014

US, EU Boost Sanctions on Russia

The US and EU have bolstered sanctions against Russia over its alleged support for separatists fighting in Ukraine. The US has targeted major banks including Gazprombank, defense firms, and energy companies including Rosneft. Russian President Vladimir Putin was quoted as saying sanctions would take US-Russia relations to a "dead end". The EU said it would announce details of its sanctions by the end of July, but added that its investment banks would no longer fund Russian projects.

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