29 Jul '14, 10pm

U.S. and EU pledge new sanctions against Russia: The U.S. message has been clear that if Russia woul... #airforce

U.S. and EU pledge new sanctions against Russia: The U.S. message has been clear that if Russia woul... #airforce

The U.S. message has been clear that if Russia would not deescalate its movements and hostility in Ukraine, more sanctions would be imposed. The Treasury Department and Department of Commerce announced Tuesday a coordinated effort with the European Union to impose more sanctions, which includes embargoed trade with Russia. “The European Union steps today are strong, they are significant, they represent a new step for Europe, and one in which we and the Europeans have taken together,” a senior State Department administration official said during a White House conference call with reporters. Officials said between these sanctions and sanctions set July 16, five of the six largest state-owned banks in Russia have been targeted. The targeted banks include VTB Bank, Bank of Moscow, and Russian Agricultural Bank. “It’s a prohibition on them obtaining medium- or long-term debt fi...

Full article: http://www.airforcetimes.com/article/20140729/NEWS08/3072...

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