Home > Europe > Russia
March 6, 2014

With New Sanctions, U.S. May Block Business with Russian Companies

After weeks of escalating tension in the Crimea region of Ukraine, the United States announced on Thursday that it is imposing visa bans on some Russian officials and other people deemed responsible for, as the New York Times calls it, "actions that have undermined Ukraine’s sovereignty and territorial integrity." 

As CNN explained, these sanctions could range from freezing assets and blocking property under U.S. jurisdiction to preventing American companies from doing business with any person or entity listed. Russia is the European Union's third-largest trading partner after the United States and China, and Germany relies heavily on Russian energy. 

RELATED: More Nations Issue Travel Warnings for Ukraine; G8 Conference May Be Stalled

CNN also notes that the Obama administration has suspended preparations for the upcoming G8 summit of industrialized nations in Sochi, the site of the just-completed Winter Olympics.

The announcement came as the European Union was considering its own punitive measures and as Secretary of State John Kerry met for a second day with the Russian foreign minister, Sergey V. Lavrov, on ways to defuse the Ukraine crisis, which the story calls one of the most serious East-West confrontations since the Cold War.


What do you think of this $type?





   IT&CM China  Caribbean Meeting Incentive Travel Exchange      Gulf Incentive, Business Travel & Meetings Exhibition EIBTM IBTM IMEX America  IT&CMA IT&CM China IT&CM India Conventa BTC convene  cventMBTMMA 2013 COCAL 

GLOBAL AGENCY PARTNERS                                                                                           OFFICIAL TRADE SHOW PARTNER FOR THE UK MEETINGS MARKET 

MCI Ovation Euromic