
The US Department of Treasury on Wednesday imposed a broad-based package of sanctions against Russian energy, defense and financial services.
The sanctions target the two major banks Gazprombank and Vnesheconombank, and the two major energy firms Novatek and Rosneft, a US senior official told reporters.
"This is a significant step, these financial institutions are among the largest of Russia and routinely access the US capital market to finance their operations. They will no longer be able to do so," said the official.
The sanctions will also designate and block the assets of 8 Russian state owned defense technology firms.
In the weeks leading up to this decision President Barack Obama discussed the plans of creating these sanctions with French President Hollande, German Chancellor Merkel, and English Prime Minister Cameron.
"We have the ability to expand the scope of the actions we took today if Russia continues it provocative behavior," stressed the official.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:06 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 16:17 2018 Monday ,12 November
Egypt working on 4-year plan to increase growth rateGMT 12:45 2018 Friday ,09 November
Egyptian agriculture products introduced to Japanese markeGMT 11:42 2018 Friday ,02 November
Turkey's new mega airport, boon for slowing economyGMT 13:42 2018 Monday ,29 October
Egypt's trade volume hits $67.63 bln over 9 monthsGMT 15:13 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 14:46 2018 Thursday ,11 October
Economy and energy dominate agenda in Russian-Slovak relationsMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor