Obama Broadens Sanctions Against Russia Over Ukraine

Obama Broadens Sanctions Against Russia Over Ukraine
(Washington, DC) -- President Obama is broadening sanctions against Russia over the crisis in Ukraine. Obama identified new targets of sanctions, including more senior Russian government officials, businessmen and a Russian bank. The President said the latest moves also open the door to possible sanctions on entire sectors of the Russian economy. He called Russia's annexation of Crimea an illegitimate move.
Obama accused Moscow of raising tensions to dangerous levels in Ukraine. He noted that Russia still has a "different path" available to it and warned of further sanctions from the U.S. and allies if a course change does not occur. The President said the Ukrainian people should be able to determine their own destiny. He also urged Congress to move quickly to finalize one-billion dollars in energy loan guarantees to Ukraine.