Tuesday, July 29, 2014

US imposes new round of sanctions on Russia over Ukraine


The United States on Tuesday imposed further sanctions on the Russian Federation due to accusations concerning the Kremlin’s alleged ongoing involvement in the escalating crisis in Ukraine.

The US Department of the Treasury has placed new sanctions on three major Russian financial institutions — the Bank of Moscow, the Russian Agricultural Bank and VTB Bank OAO — as well as the state-owned United Shipbuilding Corporation.

Previously the Treasury has imposed sanctions against Russia’s largest oil producer, Rosneft, banking giant Vnesheconombank and gun-makers Kalashnikov Concern, among others. The addition of three major banks this week not only adds to that list, but piles on top of sanctions announced only hours earlier by European Union officials in Brussels .... http://rt.com/usa