US Increases Russian Sanction List Issues Warning

The U.S. targeted high-profile Russians who it said included President Vladimir Putin’s personal banker with sanctions Thursday, and warned Moscow it would go after key sectors of the economy if it escalates the crisis in Ukraine.
President Obama signed a new executive order giving the U.S. the power to sanction Russian companies in the financial services, energy, metals and mining, defense and engineering industries.

“If there is escalation, these key sectors will be in play for sanctions,” a senior U.S. administration official said.
Moscow retaliated by barring nine U.S. lawmakers, including Senator John McCain and House Speaker John Boehner, from entering Russia.
The new U.S. order was prompted by concerns in Washington that Russia is trying to exert pressure on Ukraine by military, political and economic means, the official said.

“Nobody should believe this is the end of what we’re prepared to do,” said the official.
For now, the West’s response to Russia’s annexation of Crimea is focused on increasing the pain by freezing assets and restricting the travel of a growing list of individuals.

via CNN

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza