U.S. Imposes New Sanctions Against Russia

TIME

The Obama Administration announced new sanctions against firms in Russia’s energy, financial, and defense sectors Wednesday in response to Russia’s continued support for Ukrainian separatists.

Senior administration officials said Wednesday that Russia has continued to violate Ukraine’s “sovereignty and territorial integrity” after its annexation of the Crimean peninsula earlier this year, precipitating the sanctions after months of warnings. The new sanctions, the first so-called “sectoral sanctions” used by the U.S. against Russia hit two banks, Gazprombank OAO and VEB, and two Russian energy firms, OAO Novatek and Rasneft, limiting their access to the United States’ capital markets.

Also sanctioned by the U.S. Wednesday are the self-proclaimed Donetsk People’s Republic and the Luhansk People’s Republic, as well as the top general in Russia’s FSB security service, reportedly a leading separatist supporter within the FSB. Eight state-owned defense and technology firms dealing in arms or related material sector in Russia are also…

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