Economic Sanctions Imposed on Russia Over Ukraine Crisis

Sanctions against Russia

The United States and the European Union have imposed financial sanctions on Russian and Ukrainian officials connected to the referendum in Crimea.
The move is in response to Sunday’s overwhelming vote in the region to join Russia.
The US is targeting 11 people, 7 Russians and 4 Ukrainians, with travel bans and asset freezes. The EU is targeting 21 individuals.

Close advisers to Vladimir Putin and leaders of Crimea’s separatist movement and Ukraine’s deposed President Viktor Yanukovych are all targeted in this coordinated move by the western powers and while they are the most significant financial sanctions against Russians since the end of the Cold War, they target individuals, not the overall Russian economy.
Nathan King explains the latest developments.
Follow Nathan King on Twitter@nathanking

The list of Ukrainian and Russian officials facing EU sanctions could get longer.
Foreign Ministers from E.U.’s 28 nations suggest more names could be added when leaders meet in Brussels on Thursday.
Sandra Gathmann reports from Brussels.
Follow Sandra Gathmann on Twitter @SandraGathmann

The conflict’s economic toll on Russia has been starting to take its toll. Russia’s Deputy Economy Minister said on Monday that there are clear signs of an economic crisis.
This is a dramatic turn from Russia’s earlier stance. Officials have been downplaying any economic impact of the political tensions.
Economists have revising down their growth outlook for Russia this year. And the currency, the ruble, has fallen 11% against the dollar this year. It is on a continued streak of record lows.

Kurt Volker is the Executive Director for the McCain Institute for International Leadership. He served as the U.S. representative to NATO under President George W. Bush.
CCTV’s Anand Naidoo spoke with Ambassador Volker about how sanctions will impact Russia and how they could retaliate.

Mihaela Carstei, the Energy and Environment Program Deputy Director for the Atlantic Council, on the long and short term impacts of these sanctions on Russia.

With the crisis in Ukraine, there’s a surge of money flowing from Russia to the U.K.
It’s already one of the top countries for wealthy Russians to keep and spend money.
But with the U.K. speaking out against Russia it could hurt the British economy.
Natalie Feary reports from London.
Follow Natalie Feary on Twitter @nataliefeary