17.07.14 01:42

Obama: Russia Has Failed to Take Steps to End the Ukrainian Conflict

President Barack Obama announced on Wednesday about expanded sanctions targeting two banks, two energy companies, Ukraine separatists and defense companies.

Censor.NET reports about it, citing CNN. With the new sanctions, "what we are expecting is that the Russian leadership will see once again that its actions in Ukraine have consequences, including a weakening economy, and increasing diplomatic isolation," the President said.

"We have to see concrete actions, and not just words that Russia in fact is committed to trying to end this conflict along the Russia-Ukraine border," Obama told reporters at the White House.

Read also: EU Follows US in Expanding Sanctions to Russia

The latest U.S. sanctions build on earlier steps by targeting two major Russian banks -- Gazprom Bank and VEB -- and two energy companies -- Novotek and Rosneft. They will not be able to get new medium- and long-term financing in the United States, senior administration officials told reporters in a conference call.

In addition, the new sanctions freeze any U.S. assets and prohibit American business contacts for eight Russian arms companies that make weapons, including small arms, mortars and surface-to-air missiles. One of the eight is the Kalashnikov Concern, maker of the AK-47 and other arms.

Also on the list: Four Russian government officials, including the minister of Crimean affairs, along with the self-styled Luhansk People's Republic and Donetsk People's Republic leading the separatist campaign in eastern Ukraine, and Aleksandr Borodai, the self-declared "prime minister" of the Donetsk group.

See also: Footage Confirming Grad Shelling from the Russian Territory Posted on the Internet. VIDEO

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