Obama Imposes New Sanctions On Russia

“The Obama Administration on Monday leveled new sanctions against individuals and companies close to Russian President Vladimir Putin, in what President Barack Obama called part of a “calibrated effort” to pressure Moscow to stop fomenting unrest in Ukraine.”

TIME

Updated 9:06 a.m. ET

The Obama Administration on Monday leveled new sanctions against individuals and companies close to Russian President Vladimir Putin, in what President Barack Obama called part of a “calibrated effort” to pressure Moscow to stop fomenting unrest in Ukraine.

Obama previewed the sanctions during a visit to the Philippines; they had been widely expected ever since he hinted at them last week. Obama said the targeted sanctions would affect Russian individuals and companies, and that they would also affect “high-tech defense exports” to Russia.

“The goal here is not to go after Mr. Putin, personally,” Obama said. “The goal is to change his calculus with respect to how the current actions that he’s engaging in in Ukraine could have an adverse impact on the Russian economy over the long haul.”

The White House said in a statement later that the sanctions were targeting seven government officials, including…

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