TribLIVE

| USWorld

 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

U.S., EU strengthen sanctions against Russia over Ukraine conflict

Email Newsletters

Click here to sign up for one of our email newsletters.

Daily Photo Galleries

'American Coyotes' Series

Traveling by Jeep, boat and foot, Tribune-Review investigative reporter Carl Prine and photojournalist Justin Merriman covered nearly 2,000 miles over two months along the border with Mexico to report on coyotes — the human traffickers who bring illegal immigrants into the United States. Most are Americans working for money and/or drugs. This series reports how their operations have a major impact on life for residents and the environment along the border — and beyond.

From Wire Reports
Wednesday, July 16, 2014, 7:03 p.m.
 

The United States on Wednesday increased sanctions against Russia over its actions in Ukraine, a move echoed by European leaders.

The administration took the measures against a series of banks, energy and defense companies as European leaders, meeting in Brussels, discussed sanctions against a new list of individuals and a handful of companies tied to Russia's annexation in the Ukrainian region of Crimea, as well as restrictions on European financing for Russian development projects.

“We have repeatedly made clear that Russia must halt the flow of fighters and weapons across the border into Ukraine,” President Obama said during an appearance in the White House briefing room to announce the measures.

Russia and its eastern Ukrainian allies, he said, must release hostages being held in Ukraine and agree to a cease-fire, internationally mediated talks with the Ukrainian government and international monitors on the border.

The new sanctions fall somewhat short of action against entire sectors of the Russian economy, which Obama said would be imposed if Russia does not halt military support to separatists in eastern Ukraine and withdraw its troops from the border.

The sanctions target equity financing and debt financing with maturity of more than 90 days for two Russian banks — Gazprombank, the banking arm of Russia's largest energy company, and state-owned VEB — and prohibited new debt from U.S. institutions with more than 90 days maturity for OAE Novatek, Russia largest independent natural gas producer, and Rosneft, the largest petroleum company.

European Union leaders, too, ordered tougher sanctions against Russia, asking the European Investment Bank to sign no new financing agreements with Moscow.

The leaders agreed to act together to suspend financing of the new European Bank for Reconstruction and Development operations in Russia.

Meanwhile, insurgents bade tearful farewells as they loaded their families onto Russia-bound buses and began hunkering down for what could be the next phase in Ukraine's conflict: bloody urban warfare.

Insurgents in Donetsk appeared be bracing for a bitter fight as they shipped their relatives out of the city.

One fighter, who declined to give his name, told The Associated Press that not having his wife and young daughter with him would free him to concentrate on the battles ahead.

“It is easier for us this way. It is easier to fight. Your soul is not ripped into two, because when they're here, you think about war and about your family — if they are OK or not,” he said.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read World

  1. Scientists warn about killer robots
  2. U.N. projects world’s population to reach 9.7 billion by 2050, 11.2 billion by end of century
  3. Exiled Yemen leader orders anti-rebel fighters to merge with army to battle Houthis
  4. 2013 death of Taliban leader Mullah Omar confirmed
  5. Debris on French island possibly that of missing Malaysia Airlines flight
  6. Buildings in West Bank settlement torn down by order of Israel’s Supreme Court
  7. Turkey to stick with air offensive in ISIS battle
  8. Israelis remember how summer conflict affected beach ritual
  9. Defense secretary touts success of Kurdish fighters in war on ISIS
  10. Ships cross Egypt’s New Suez Canal in first test-run