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Obama authorizes sanctions against Russia’s Crimea

RT | December 19, 2014

US President Barack Obama has authorized sanctions against individuals and entities operating in Russia’s Crimean peninsula, the White House said in a statement.

Obama has issued an executive order that “prohibits the export of goods, technology, or services to Crimea and prohibits the import of goods, technology, or services from Crimea, as well as new investments in Crimea,” according to the statement.

The executive order also authorizes the Secretary of the Treasury to impose sanctions on “individuals and entities operating in Crimea.”

The move comes just a day after the European Union introduced similar action against the Russian region of Crimea and Sevastopol, accepted into the Russian Federation following the referendum last March.

The United States did not recognize the reunification and has been calling on Russia to “end its occupation and attempted annexation of Crimea.”

“We will continue to review and calibrate our sanctions, in close coordination with our international partners, to respond to Russia’s actions,” Obama’s statement reads.

The bill that opened way for further sanctions against Russian economy – dubbed Ukraine Freedom Support Act of 2014 – was signed on Thursday. However Obama was hesitant to introduce any new measures until they are synchronized with European partners.

December 19, 2014 - Posted by | Economics | ,

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