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Sunday, December 21, 2014

U.S. President Barack Obama Signs Into Law Bill Authorizing More Russia Sanctions Thursday Dec 18,2014

U.S. President Barack Obama has signed into law legislation passed by the U.S. Congress authorizing more sanctions on Russia for its role in the Ukraine crisis

The president said in a statement Thursday Dec 18,2014 that while he signed the Ukraine Freedom Support Act of 2014, it "does not signal a change" in the administration's sanctions policy. He said at this time, the administration does not intend to impose sanctions under this law, but the Act gives the administration "additional authorities that could be utilized, if circumstances warranted."

U.S. President Barack Obama said: "I again call on Russia to end its occupation and attempted annexation of Crimea, cease its support to separatists in eastern Ukraine, and fulfil its commitments under the Minsk agreement."
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The measure gives the administration the authority to impose further sanctions on Russia over its annexation of the Crimean peninsula from Ukraine and support for separatists in eastern Ukraine. It also authorizes $350 million in lethal and non-lethal military aid to the Ukrainian government, including anti-tank weapons, munitions and surveillance drones. 
How sanctions and oil have affected the rouble

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