Obama Widens Sanctions Against RussiaThe New York Times ^ | July 16, 2014 | Peter BakerPosted on 7/16/2014, 4:17:54 PM by Chad_the_ImpalerPresident Obama escalated sanctions against Russia on Wednesday by targeting a series of large banks and energy and defense firms in what officials described as the most punishing measures to date for Moscow’s intervention in Ukraine.
While the latest moves do not cut off entire sectors of the Russian economy, as threatened in the past, the administration’s actions go significantly further than the financial and travel limits imposed so far on several dozen individuals and their businesses.
The new measures will severely restrict access to American debt markets for the targeted companies.Excerpt Read more at nytimes.com …
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