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Ukraine crisis: West, Russia trade tit-for-tat sanctions

Published on Mar 21, 2014 5:04 AM
 

BRUSSELS (AFP) - US President Barack Obama announced a new round of punitive measures for Moscow's annexation of Crimea on Thursday as Europe's leaders also readied to hit back at Russia with fresh sanctions.

But in Moscow, where the lower house of parliament rubber-stamped the absorption of the rebel peninsula, Russia issued its own list of sanctions against nine US officials, including senior political figures and presidential aides.

Mr Obama, who threatened to target the broader Russian economy if Moscow does not reverse course, said: "Russia must know that further escalation will only isolate it further from the international community." The latest US measures in the worst East-West crisis since the Cold War target a new list of 20 lawmakers and senior government officials in addition to 11 people already sanctioned by Washington.

Among those named are top businessmen close to President Vladimir Putin such as billionaires Gennady Timchenko, Arkady Rotenberg and Boris Rotenberg plus a bank used by close associates.

United States President Barack Obama speaks on the situation in Ukraine on the South Lawn of the White House on March 20, 2014. -- PHOTO: AFP
 
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