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Obama levies new round of sanctions on Russia

By The Associated Press

This article was published March 20, 2014 at 10:39 a.m.

WASHINGTON — President Barack Obama says the United States is levying a new round of economic sanctions on individuals in Russia, both inside and outside the government, in retaliation for the Kremlin's actions in Ukraine.

Obama says he has also signed a new executive order that would allow the U.S. to sanction key sectors of the Russian economy.

The new penalties mark the second round of economic sanctions the U.S. has levied on Russia this week. The first round of penalties had little impact in stopping Moscow from annexing the strategically important Crimean Peninsula from Ukraine.

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AmericasDoomed says... March 20, 2014 at 3:26 p.m.

I'm sure Putin's shaking like a leaf. Scary ole Obama.

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