Posts Tagged Foreign policy

Sanctions will damage Russia if not lifted quickly

Russian President Vladimir Putin, background center, heads the Cabinet meeting in the Novo-Ogaryovo residence, outside Moscow, Russia, Wednesday, July 30, 2014. The meeting focused on measures to encourage Russian companies to pull their assets back from offshore. The United States and the European Union on Tuesday announced a raft of new sanctions against Russian companies and banks over Moscow’s support for separatists in Ukraine. (AP Photo/RIA Novosti, Alexei Nikolsky, Presidential Press Service)

MOSCOW (AP) — U.S. and European sanctions against Russia’s energy and finance sectors are strong enough to cause deep, long-lasting damage within months unless Moscow persuades the West to repeal them by withdrawing support for Ukrainian insurgents.

Read the rest of this entry »

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

West seeks to inflict more economic pain on Russia

President Barack Obama speaks on the South Lawn of the White House in Washington, Tuesday, July 29, 2014, as he announces new economic sanctions against key sectors of the Russian economy in the latest move to force Russian President Vladimir Putin to end his support for Ukrainian rebels.  (AP Photo/Manuel Balce Ceneta)

WASHINGTON (AP) — Citing Russia’s stalled growth rate and a flow of foreign capital out of Moscow, U.S. and European officials hope a new round of sanctions targeting energy and defense entities, as well as major banks, will deepen Russia’s economic pain even further and force President Vladimir Putin to end provocations in Ukraine.

Read the rest of this entry »

Tags: , , , , , , , , , , , , , , , , , , , , , ,

EU adopts tough new sanctions on Russia

President Barack Obama speaks on the South Lawn of the White House in Washington, Tuesday, July 29, 2014, as he announces new economic sanctions against key sectors of the Russian economy in the latest move to force Russian President Vladimir Putin to end his support for Ukrainian rebels.   (AP Photo/Manuel Balce Ceneta)

WASHINGTON (AP) — Spurred to action by the downing of the Malaysian airliner, the European Union approved dramatically tougher economic sanctions Tuesday against Russia, including an arms embargo and restrictions on state-owned banks. President Barack Obama swiftly followed with an expansion of U.S. penalties targeting key sectors of the Russian economy.

Read the rest of this entry »

Tags: , , , , , , , , , , , , , , , , , , , , , , ,

Not in my backyard: US sending dirty coal abroad

In this May 22, 2014, photo, a ship is docked at Norfolk Southern's Lamberts Point coal terminal as a man plays golf in Norfolk, Va. As the Obama administration weans the U.S. off dirty fuels blamed for global warming, energy companies have been sending more of America’s unwanted energy leftovers to other parts of the world, where they could create even more pollution. (AP Photo/Patrick Semansky)

NEWPORT NEWS, Va. (AP) — Coal from Appalachia rumbles into this port city, 150 railroad cars at a time, bound for the belly of the massive cargo ship Prime Lily. The ship soon sets sail for South America, its 80,000 tons of coal destined for power plants and factories, an export of American energy — and pollution.

Read the rest of this entry »

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,