Obama Announces Drastic Sanctions Against Russia
Says he could target whole sectors of Russia's economy
By Kevin Spak, Newser User
Posted Mar 20, 2014 10:31 AM CDT
President Barack Obama delivers a statement on Ukraine from the White House on Monday, March 17, 2014.   (AP Photo/ Evan Vucci)

(Newser) – President Obama may not want to send troops to Ukraine, but he's all too willing to fight Vladimir Putin with dollars. Obama today announced that he is expanding sanctions to yet more individuals both within and outside of the Russian government, and to a bank that has provided them with material support. More ominously, he warned that he'd signed an executive order allowing him to sanction not just people, but entire sectors of Russia's economy.

"This is not our preferred outcome. These sanctions would not only have a significant impact on the Russian economy, but could also be disruptive to the global economy," Obama said. "However, Russia must know that further escalation will only isolate it further from the international community." He also said he believed there was still a way Russia could resolve the crisis through diplomacy with Kiev, and urged Congress to approve aid to Ukraine. "Expressions of support are not enough," he told legislators. "We need action."

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Showing 3 of 237 comments
JERZJOE
Mar 22, 2014 8:46 AM CDT
this is nothing new with the dumocrats. DO THIS & DO THAT & just keep them talking & spend our tax $$$$ on these trips all over the world for NIL!!! well.... when the REP take control in Nov 2014,repeal Obamacare , give us less taxes, fix the debt, & GET BACK RESPECT & CREDIBILITY TO THE USA ! & a better way with foreign polices!! Then in Nov 2016 Gov. Christie will be prez!!!! and everything will be AOK in the USA on Jan 20, 2017!! THERE YA GO!!l
orest goyan
Mar 22, 2014 8:05 AM CDT
America is cruising for a bruising ! Russia won the second World War, and defeated Hitler; it also defeated Napoleon . No nation in modern history has EVER been able to defeat Russia ! America has NO MORE than half a million fighting men world wide. Russia has captured more soldiers than that in a single battle - more than once. The whole America army would be wiped out before it crossed the European border into Ukraine ! As for technology; America tried that. It sent one of its high tech drones over Crimea; but the superior technology of Russia re-directed it to Russia, as a gift from America. America NEVER tried that again. As for space travel; America has to pay the Russian's almost 500 million dollars, if it wants to get to the moon, to fed its American crew ! And don't forget China's defence pact with Russia ! If America attacks Russia from the north, China (with its 200 million army), will attack America from the south ! It will be tits-up for ALL of Obama's gay friends in America !
ddhartma
Mar 21, 2014 9:14 AM CDT
Oh, how the tables have turned. When once the mighty U.S.S.R. was under socialist rule and the just as mighty U.S. was a democratic republic, yet now of the two the U.S. is more socialistic than Russia and we still refer to them as "communist". The liberals in our nation have been crying out for decades for more and more government controls over our lives, and now we have it. But, do you not realize that "government control" is in fact socialism (just like what the U.S.S.R. lived under for scores of years)?