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U.S. President Barack Obama speaks on the South Lawn of the White House to deliver a statement on Ukraine prior to departing for Florida March 20, 2014 in Washington, DC. Obama announced he will "impose additional costs" on Russia, including further sanctions on individuals and a bank.
President Obama announced another round of sanctions against Russian officials today. The group contained legislative and executive officials and one bank.
President Obama also signed an executive order that would allow the U.S. to impose sanctions on “key sectors of the Russian economy,” which may include financial services, energy, defense, and engineering.
The European Union is also considering more sanctions against Russia over its annexation of the Crimean Peninsula. Russia responded to the new U.S. sanctions by sanctioning nine U.S. officials, including aides to the president and members of Congress.
How will the situation change? Will the sanctions against Russia help de-escalate the situation, or provoke it further? How might sanctions on the Russian economy change things?
Will Pomeranz, Deputy Director of the Kennan Institute at the Wilson Center