European Union imposes 1st broad sanctions on Russia, US joins - FOX 35 News Orlando

European Union imposes 1st broad sanctions on Russia, US joins

Posted: Updated:

With the conflict in Ukraine continuing to draw international attention, the European Union made its first-ever move to impose broad sanctions on Russian oil companies, banks and defense firms on Tuesday.

The decision marks the strongest international response since Moscow began supporting the pro-Russian rebels in eastern Ukraine, and the United States joined Europe on Tuesday afternoon. From the White House lawn, President Barack Obama announced that he coordinated with European leaders to devise the new economic sanctions and would be joining those countries in executing them.

"Russia is once again isolating itself from the international community, setting back decades of genuine progress" Obama said, "and it doesn't have to come to this. It didn't have to come to this. It does not have to be this way. This is a choice that Russia and President Putin in particular has made. There continues to be a better choice -- the choice of de-escalation, the choice of joining the world in a diplomatic solution."

The economic blow to Russian energy, arms and finance -- already estimated at $100 billion, according to Obama -- follows the downing of Malaysian flight MH17 on July 17, leaving a 9-mile debris field and 298 dead in a territory controlled by separatists who were later accused of loading the bodies of victims onto trains and tampering with evidence at the crash site by international investigators.

MORE: Minn. man who lost brother on MH17 focuses on forgiveness

British Prime Minister David Cameron published a blistering article about the attack on a commercial flight in The Sunday Times, describing it as a "direct result of Russia destabilizing a sovereign state, violating its territorial integrity, backing thuggish militias and training and arming them."

Western countries contend a Russian-supplied missile shot down the commercial flight, and the sanctions mark the biggest confrontation between Moscow and the West since the Cold War; however, Obama specifically denied that this is the beginning of a new Cold War when he spoke Tuesday.

Ambassadors from the 28-member EU have agreed to restrict trade on oil and defense equipment as well as "dual use" technology used by militaries and civilians. Russia's state-operated banks are also banned from raising funds in European markets. The sanctions will remain in place for at least three months, which is when the measures will be reviewed.

Russian President Vladimir Putin has denied Russia is arming the rebels in Ukraine, but Western countries contend that he has sent even more heavy weaponry in spite of the international condemnation of the MH17 crash.

On Tuesday, fighting between government troops and pro-Russian rebels left dozens of Ukrainian civilians, soldiers and rebels dead. The center of Donetsk -- a city that once boasted a population nearing one million prior to the conflict -- was shelled, as it is one of two urban strongholds for the separatists. Leaders in Kiev say Ukrainian forces have retaken several villages near where the airliner crashed and are now working to encircle the rebels while pushing them to retreat. The separatists, meanwhile, have vowed to make a stand, and residents fear being caught in the crossfire.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Urban Outfitters blasted over Kent State sweatshirt with 'blood splatters'

    Urban Outfitters blasted over Kent State sweatshirt with 'blood splatters'

    Monday, September 15 2014 12:28 PM EDT2014-09-15 16:28:48 GMT
    Clothing retailer Urban Outfitters is receiving harsh criticism for selling a sweatshirt with a splatter pattern resembling blood over the logo of a university where a famous school shooting took place.
    Clothing retailer Urban Outfitters is receiving harsh criticism for selling a sweatshirt with a splatter pattern resembling blood over the logo of a university where a famous school shooting took place.
  • St. Louis Park marathoner dies after finishing last mile in Boston

    St. Louis Park marathoner dies after finishing last mile in Boston

    Sunday, September 14 2014 11:19 PM EDT2014-09-15 03:19:22 GMT
    Elinor Scott didn't let her cancer diagnosis keep her away from the Boston Marathon, but the bombs at the finish line stopped her at the 25th mile. In April, she went back to cross the finish line. On Friday, she passed on.
    Elinor Scott didn't let her cancer diagnosis keep her away from the Boston Marathon, but the bombs at the finish line stopped her at the 25th mile. In April, she went back to cross the finish line. On Friday, she passed on.
  • Adrian Peterson: 'I am, without a doubt, not a child abuser'

    Adrian Peterson: 'I am, without a doubt, not a child abuser'

    Monday, September 15 2014 4:48 PM EDT2014-09-15 20:48:37 GMT
    Minnesota Vikings running back Adrian Peterson released a long statement Monday, punctuated by the following message: "I am not a perfect son. I am not a perfect husband. I am not a perfect parent, but I am, without a doubt, not a child abuser."
    Minnesota Vikings running back Adrian Peterson released a long statement Monday, punctuated by the following message: "I am not a perfect son. I am not a perfect husband. I am not a perfect parent, but I am, without a doubt, not a child abuser."
Widgets Magazine
Powered by WorldNow

35 Skyline Drive
Lake Mary, FL 32746

Phone: (407) 644-3535
News Tips: (866) 55-FOX35

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices