US Announces Further Russian Sanctions

March 20, 2014 Share Print 0

US President Barack Obama has announced further sanctions on Russian officials and a bank over the crisis in Crimea.

Mr Obama also said he had signed an order enabling the US to impose sanctions on sectors of the Russian economy.

Meanwhile EU leaders have arrived in Brussels amid warnings that they may impose tougher economic sanctions.

Tensions are high as Moscow approves a treaty enabling Crimea – an autonomous republic in Ukraine – to join Russia.

Mr Obama said: “Russia must know that further escalation will only isolate it further from the international community.”

via CNBC

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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.