Tuesday 13 November 2018
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business-standard - 5 days ago

US slaps additional sanctions on Russia over Crimea annexation

The United States on Thursday imposed a new set of sanctions on a dozen of Russian individuals pertaining to Russia s annexation of Crimea.The Treasury Department levied sanctions against two individuals and one entity for serious human rights abuses and on another eight organisations and one individual for playing a role in advancing Russian interests in Crimea, which the US has asserted that it was forcefully seized from Ukrainian territory in 2014.One of the eight entities also includes an organisation linked to Bank Rossiya and Russian businessman Yuri Kovalchuk, who was also sanctioned previously, and others accused of operating in Crimea, The Hill reported. Treasury remains committed to targeting Russian-backed entities that seek to profit from Russia s illegal annexation and occupation of Crimea. Our sanctions are a clear reminder that efforts seeking to normalize investment and economic relationships with those operating in Crimea will not be tolerated, said Sigal ...

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