The Obama administration has announced new visa restrictions on pro-Russian opponents of the new Ukraine government in Kiev. In addition, the U.S. has cleared the way for financial sanctions as the West begins punishing Moscow for its occupation of Ukraine’s Crimea region.
The new restrictions targeted an unspecified and unidentified number of people and entities that the Obama administration accused of threatening Ukraine’s sovereignty and territorial borders. The announcement was made while U.S. Secretary of State John Kerry headed for a meeting with Russian Foreign Minister Sergey Lavrov in Rome.
Charles Ortel, Managing Director of Newport Value Partners, on Impact of U.S. Sanctions on Russia:
The Associated Press contributed to this report.