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Obama Blasts Russia With First Major Sanctions Since Cold War

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U.S. President Barack Obama announced the “most comprehensive” set of sanctions against Russia since the Cold War during a speech at the White House on Monday, one day after citizens of Crimea voted to secede from Ukraine and join Russia. The President said he was ready to impose¬†additional measures should Russia move to annex the Ukrainian peninsula.

The U.S. has already placed sanctions on¬†Sergey Aksyonov, the pro-Russia leader of Crimea, and has doled out measures against 11 individuals so far. European Union foreign ministers froze the assets of 21 Russian and Ukrainian officials on Monday who they believe are linked to perceived illegal actions in Ukraine. Read more…

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