// IP Marketing video - START// IP Marketing video - END

EU, U.S. announce new Russia sanctions

EU, U.S. announce new Russia sanctions

PanARMENIAN.Net - The European Union and the United States on Tuesday, July 29, announced further sanctions against Russia, targeting its energy, banking and defense sectors in the strongest international action yet over Moscow's alleged support for armed groups in eastern Ukraine, Reuters reported.

"If Russia continues on this current path, the costs on Russia will continue to grow," U.S. President Barack Obama said in Washington.

"Russia's actions in Ukraine and the sanctions that we've already imposed have made a weak Russian economy even weaker," he said.

In Brussels, diplomats said ambassadors from the 28-member European bloc agreed to restrictions on trade of equipment for the oil and defense sectors, and "dual use" technology with both defense and civilian purposes. Russia's state run banks would be barred from raising funds in European capital markets. The measures would be reviewed in three months.

German Chancellor Angela Merkel, who had been reluctant to step up sanctions before the crash because of her country's trade links with Russia, said the latest EU measures were "unavoidable", according to Reuters.

Previously Europe had imposed sanctions only on individuals and organizations accused of direct involvement in threatening Ukraine, and had shied away from wider "sectoral sanctions" designed to damage its biggest energy supplier.

Russia is the world's biggest exporter of natural gas and second biggest exporter of oil.

 Top stories
"The necessary funds are and will continue being allocated, including those for the purchase of new modern weapons," he said.
Russian President Vladimir Putin made a surprise visit to Syria after a busy weekend that dealt with several regional issues.
Cemil Aksu was arrested on October 25 in the city of Artvin for allegedly “praising crime and criminals” in his social media posts.
The work is taking place two days after a magnitude-7.3 earthquake struck Sunday night Iran time, just as people were going to bed.
Partner news