U.S. hits Russia with more sanctions as Ukraine fighting continues

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DONETSK, Ukraine — President Barack Obama on Tuesday announced new U.S. sanctions against Russia, saying they will ratchet up pressure on Moscow for its failure to take steps to stop the conflict in Ukraine.

“If Russia continues on its current path, the cost on Russia will continue to grow,” Obama said, “and today is a reminder that the United States means what it says. We will rally the international community in standing up for the rights and freedom of people around the world.”

Among the new sanctions announced Tuesday: Three Moscow-based banks — Bank of Moscow; Russian Agricultural Bank; and VTB Bank OAO — will not be able to get new medium- and long-term financing in the United States, the U.S. Treasury Department said.

The sanctions are not part of a new Cold War, Obama said.

“What it is, is a very specific issue related to Russia’s unwillingness to recognize that Ukraine can chart its own path,” Obama said, referring to the sanctions.

“It didn’t have to come to this. It does not have to be this way,” Obama said. “This is a choice that Russia and President (Vladimir) Putin in particular has made. … The path for a peaceful resolution to this crisis involves recognizing the sovereignty, the territorial integrity and the independence of the Ukrainian people.”

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11 comments

  • Robbie

    I wonder which way Faux news will go tonight? Last week they wanted war, the next night sanctions. Maybe Bill O’Reilly will have Foreign affairs expert Sarah Palin live from Alaska on tonight. She can look through the half moon in her outhouse door and tell us what’s going on in Russia. Maybe Ollie North can talk about Iran Contra and how he lied to Congress.

      • Robbie

        You are dreaming, loco! “A president to lead the world in a better direction”. We need to mind our own business, deal with our problems and stop being the worlds police. We can’t afford it any longer. But I do thank you for giving me a good laugh. “Lead…better direction. That’s a good one.

  • manalishi

    Barry Soertoro says,,,” I’m going to tell you one more time,,,If you don’t concede,,,,I’ll have to tell you one more time!” I’s all the “chump” king has to offer.

    • Robbie

      You been over drooling on the male swimmers picture haven’t you? I’m going to tell you one more time…Obama is the president because he beat the hell out of everyone who ran against him. Go to bed now. Your George Bush doll needs blowing up.

  • Dustin Cavanaugh

    US are nothing but a bunch of hypocrites in all of this. The president of Ukraine was illegally ousted. If we were to do the same thing here in the US no matter how much we disagreed we would be considered terrorists. US supporting terrorists as usual.

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