U.S. Expanding Sanctions Against Russia Over Ukraine

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from The New York Times,

President Obama on Thursday announced he would expand sanctions against Russia, targeting individuals who support the government and a bank with ties to them, and delivering on his warning earlier this week that the United States would ratchet up costs on Russia if it moved to annex the breakaway province of Crimea.

“The United States is today moving, as we said we would, to impose additional costs on Russia,” Mr. Obama said in a statement on the South Lawn of the White House before leaving on a trip to Florida.

“These are all choices that the Russian government has made, choices that have been rejected by the international community,” he said.

Mr. Obama also said he had signed a new executive order that would allow him to impose sanctions on Russian industrial sectors, presumably including its energy exports – a step that would greatly tighten the economic pressure on Russia.

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