US, Europe announce new round of sanctions on Russia

Global Business

Both the U.S. and Europe announced a new round of sanctions aimed at economically squeezing Russia.

They hope it will force Russian President Vladimir Putin to end support for separatists blamed for destabilizing eastern Ukraine and shooting down a Malaysia Airlines flight.

The new round of sanctions will stop Russian banks from raising money in Western capital markets and block technology used in energy and defense, and they have been designed to limit impact on Europe’s own economy — meaning gas exports and defense contracts already underway will not be affected.

U.S. President Barack Obama’s announcement took place just hours after similar measures by European allies. But as Jack Barton in Brussels reports, not everyone’s convinced these tougher sanctions will be effective.

U.S., Europe announce new round of sanctions on Russia

U.S. President Barack Obama's announcement took place just hours after similar measures by European allies.But as Jack Barton in Brussels reports, not everyone's convinced these tougher sanctions will be effective.

In Russia, opinions are divided over the likely impact of a new round sanctions.
A new poll shows a majority of Russians blame the West for the conflict and approve of Moscow’s support for pro-Russian separatists in Ukraine. Tom Barton reports.

Russia reacts to new sanctions by U.S. and EU

In Russia, opinions are divided over the likely impact of a new round sanctions imposed by the U.S. and European Union.

For more on the likely impact of these sanctions, CCTV America spoke to William Taylor, a former U.S. ambassador to Ukraine. He’s now Vice President for the Middle East and Africa with the United States Institute for Peace.

Impact of new sanctions on Russia from the West

For more on the likely impact of these sanctions, CCTV America spoke to William Taylor, a former U.S. ambassador to Ukraine. He's now Vice President for the Middle East and Africa with the United States Institute for Peace.