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| US announces sanctions on Putin's inner circle over Ukraine | US announces sanctions on Putin's inner circle over Ukraine |
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| The US on Monday announced sanctions on officials and companies linked to President Vladimir Putin's "inner circle", accusing Russia of provocative acts and undermining democracy in Ukraine. | The US on Monday announced sanctions on officials and companies linked to President Vladimir Putin's "inner circle", accusing Russia of provocative acts and undermining democracy in Ukraine. |
| The White House announcement included visa bans, asset freezes and export licence denials on a panoply of top Russian officials and firms as reprisal for the continuing destabilisation of eastern Ukraine. In a statement, the White House called Russian involvement in the Ukraine crisis “indisputable.” | |
| Seven Russian officials and two Putin confidantes will have their assets frozen and be subjected to a US visa ban. Seventeen Russian companies will also be subject to the asset freeze, with 13 of them subject to what the White House called a “presumption of denial” on licenses for export, re-export or transfer of goods or items from the US to them. | |
| Among the targets of the new sanctions is Igor Sechin, president of state oil company Rosneft and a longtime ally of Putin, who worked under the president in the St Petersburg city hall in the early 90s. When Putin left for Moscow, he took Sechin along with him. | |
| Jack Lew, the US treasury secretary, said the action was taken in "close co-ordination" with the European Union, which said it would impose visa bans and asset freezes on 15 individuals. The EU did not publish the names of those on its list, which must be approved by national governments. | |
| Beyond the targeting of individuals and firms, the US Treasury and commerce departments on Monday will restrict their policies on export license applications for items that could add new high-technology capabilities to the Russian military. | Beyond the targeting of individuals and firms, the US Treasury and commerce departments on Monday will restrict their policies on export license applications for items that could add new high-technology capabilities to the Russian military. |
| Speaking in Manila, President Barack Obama said the goal of the new round of sanctions was to change the Russian calculation in its sponsorship of separatists in Ukraine. | Speaking in Manila, President Barack Obama said the goal of the new round of sanctions was to change the Russian calculation in its sponsorship of separatists in Ukraine. |
| “The goal is not to go after Mr Putin personally. The goal is to change his calculus with respect to how the current actions that he's engaging in Ukraine could have an adverse impact on the Russian economy over the long haul,” Obama said. | “The goal is not to go after Mr Putin personally. The goal is to change his calculus with respect to how the current actions that he's engaging in Ukraine could have an adverse impact on the Russian economy over the long haul,” Obama said. |