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To restrict Russia access to Europe money markets, EU citizens and banks will be barred from purchasing certain bonds or stocks issued by state owned Russian banks, according to EU officials.
However, Europe calculus shifted sharply after a surface to air missile brought down Nike Kyrie Grey Blue Lava
the passenger jet, killing nearly 300 people including more than 200 Europeans. Obama and his counterparts from Britain, France, Germany and Italy finalized plans Nike Lebron 12 Nsw Price to announce the broader sanctions Monday in an unusual joint video conference.
European Union President Herman Van Rompuy and the president of the European Commission, Jose Manuel Barroso, said the sanctions sent a warning that Russia destabilization of Ukraine cannot be tolerated.
Russia is once again isolating itself from the international community, setting back decades of genuine progress, Obama said. does not have to be this way. This a choice Russia and President Putin has made. sanctions.
The new European penalties a ban on the unapproved sale to the Russians of technology that has dual military and civilian uses or is particularly sensitive, such as advanced equipment used in deep sea and Arctic oil drilling. and Britain.
the violence created spirals out of Nike Kyrie 1 Bhm On Feet
The sanctions, Obama said, made a weak Russian economy even weaker. and Europe were willing to take if the situations remains unchanged. officials said they believe economic pressure remains their most effective tool, and Obama reiterated his opposition to sending lethal aid to the Ukrainian military.
limits the ability of these banks to do new business. That means the Russian economy will suffer because the banks will not be able to make as many loans, said Sung Won Sohn, an economics professor at the Martin Smith School of Business at California State University Channel Islands.
WASHINGTON (AP) Spurred to action by the downing of the Malaysian airliner, the European Union approved dramatically tougher economic sanctions Tuesday against Russia, including an arms embargo and restrictions on state owned banks. penalties targeting key sectors of the Russian economy.
eastern Ukraine whom the West blames for taking down the passenger jet nearly two weeks ago. allies also warned that Russia was building up troops and weaponry along its border with Ukraine.
not a new cold war, he said in response to a reporter question. officials say sanctions already rippling through Russia are having a detrimental impact on the country economy.
The coordinated sanctions were aimed at increasing pressure on Russian President Vladimir Putin to end his country support for separatists in Nike Lebron 11 Graffiti Release
Analysts said the effort was aimed at cutting off access to resources that these banks would need to support their own lending operations, an action that could weaken economic activity in Russia.
control and leads to the killing of almost 300 innocent civilians in their flight from the Netherlands to Malaysia, the situation requires urgent and determined response, the two top EU officials said in a statement. and Europe were not entering into Soviet style standoff with Russia.
Europe impose tough new sanctions on Russia
The specific targets of the EU actions will be published Thursday, when they will take effect. officials said they expected Europe list of targets to include some of the same energy companies, defense entities and financial institutions the Obama administration hit with sanctions the day before the Malaysian airliner was shot out of the sky. sanctions on Russian economic sectors. Among the targets were three major Russian banks: the Bank of Moscow, Russian Agricultural Bank and VTB Bank, Russia second largest bank. sanctions.
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