Obama announces new Russian sanctions over Ukraine action

  • 10 years ago
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U.S. President Barack Obama announced on Thursday (March 20) that the U.S. is moving to impose additional sanctions on key individuals who provide material support to Russia.

(SOUNDBITE) (English) UNITED STATES PRESIDENT BARACK OBAMA SAYING:

"The United States is today moving, as we said we would, to impose additional costs on Russia. Based on the executive order that I signed in response to Russia's initial intervention in Ukraine, 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."

In addition, Obama said he had signed a new executive order earlier in the day clearing the way for sanctions on key sectors of the Russian economy, if deemed necessary.

(SOUNDBITE) (E

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