US to Follow EU’s Suit in New Sanctions on Russia

By Catherine Kent

Reuters reports that the European Union agreed on Thursday, September 11, to begin new sanctions on Russia over the Ukraine crisis, to which Russia responded by declaring that the EU had “made its choice against” the current peace road map aimed at ending the confrontation between Moscow and the West. President Barack Obama said he will provide details on the new U.S. sanctions new U.S. sanctions on Friday, which will target Russia’s financial, energy, and defense sectors in Tandem with the EU’s sanctions.

If the US follows suit on the EU’s move towards shared energy technology sanctions, US business groups (with $700 million deals with Russia) may have something to start worrying about. You can read more about the economic consequences at Politico.