Obama announces new U.S. sanctions on Russia


President Obama on Tuesday announced new U.S. sanctions on Russia, in response to the downing of Malaysia Airlines Flight 17 earlier this month in an area of Ukraine held by Russian-backed rebels. Obama said the sanctions target "key sectors of the Russian economy: energy, arms, and finance."
Some details from The New York Times:
The latest American actions took aim at more Russian banks and a large defense firm, but they also went further than past moves by blocking future technology sales to Russia's lucrative oil industry in an effort to inhibit its ability to develop future resources. [The New York Times]
Obama's move came shortly after the European Union imposed its own sanctions on Russia, which is suspected of arming the rebels with the sophisticated surface-to-air missile that brought down the airliner. The EU, which has deep economic ties with Russia, had long balked at antagonizing the government of President Vladimir Putin over the crisis in Ukraine, but was compelled to ramp up the pressure after the deaths of dozens of European citizens and the fact that Russia increased its support to Ukraine's rebels in the wake of the attack.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Indeed, the EU's sanctions went beyond what the U.S. had already imposed, forcing the White House to play a bit of catch-up.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Ryu Spaeth is deputy editor at TheWeek.com. Follow him on Twitter.
-
Groypers: the alt-right group pulled into the foreground
The Explainer The network is led by alt-right activist Nick Fuentes
-
10 concert tours to see this upcoming fall
The Week Recommends Concert tour season isn't over. Check out these headliners.
-
How to put student loan payments on pause
The Explainer If you are starting to worry about missing payments, deferment and forbearance can help
-
House posts lewd Epstein note attributed to Trump
Speed Read The estate of Jeffrey Epstein turned over the infamous 2003 birthday note from President Donald Trump
-
Supreme Court allows 'roving' race-tied ICE raids
Speed Read The court paused a federal judge's order barring agents from detaining suspected undocumented immigrants in LA based on race
-
South Korea to fetch workers detained in Georgia raid
Speed Read More than 300 South Korean workers detained in an immigration raid at a Hyundai plant will be released
-
DC sues Trump to end Guard 'occupation'
Speed Read D.C. Attorney General Brian Schwalb argues that the unsolicited military presence violates the law
-
RFK Jr. faces bipartisan heat in Senate hearing
Speed Read The health secretary defended his leadership amid CDC turmoil and deflected questions about the restricted availability of vaccines
-
White House defends boat strike as legal doubts mount
Speed Read Experts say there was no legal justification for killing 11 alleged drug-traffickers
-
Epstein accusers urge full file release, hint at own list
speed read A rally was organized by Reps. Ro Khanna and Thomas Massie, who are hoping to force a vote on their Epstein Files Transparency Act
-
Court hands Harvard a win in Trump funding battle
Speed Read The Trump administration was ordered to restore Harvard's $2 billion in research grants