Obama imposes new sanctions, warns Russia against further escalation

March 20, 2014 21:20

President Obama on Thursday announced new economic sanctions against Russian government officials, influential individuals and a Russian bank, threatening to come back with tougher penalties if Moscow does not deescalate the crisis in Ukraine.

"Further escalation will only isolate it further from the international community,' Obama said in remarks on the South Lawn of the White House. The U.S. is concerned that "Russia has positioned its military" in a threatening way, he added.

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