Obama reveals sanctions on Russia while pushing diplomacy elsewhere
- 10 years ago
New sanctions are on the way for Russia.
Key institutions like Gazprombank and Rosneft Oil Co. are among a dozen companies hit in the latest round of sanctions.
President Barack Obama announced the measures Wednesday over what his administration views as Moscow's interference in Ukraine.
(SOUNDBITE) (English) PRESIDENT BARACK OBAMA SAYING:
"These sanctions are significant, but they are also targeted, designed to have the maximum impact on Russia while limiting any spillover impact on American companies or those of our allies."
Moscow has been accused of providing arms to pro-Russian separatists in Ukraine's east.
During the wide-ranging news conference, Obama also commented on the talks with Iran over its nuclear program.
(SOUNDBITE) (English) PRESIDENT BARACK OBAMA SAYING:
"It is clear to me that we have made real progress in several areas and that we have a credible way forward. But, as we approach a deadline of July 20, under the inter
Key institutions like Gazprombank and Rosneft Oil Co. are among a dozen companies hit in the latest round of sanctions.
President Barack Obama announced the measures Wednesday over what his administration views as Moscow's interference in Ukraine.
(SOUNDBITE) (English) PRESIDENT BARACK OBAMA SAYING:
"These sanctions are significant, but they are also targeted, designed to have the maximum impact on Russia while limiting any spillover impact on American companies or those of our allies."
Moscow has been accused of providing arms to pro-Russian separatists in Ukraine's east.
During the wide-ranging news conference, Obama also commented on the talks with Iran over its nuclear program.
(SOUNDBITE) (English) PRESIDENT BARACK OBAMA SAYING:
"It is clear to me that we have made real progress in several areas and that we have a credible way forward. But, as we approach a deadline of July 20, under the inter