The Obama administration turned up the slow boil of sanctions against Russia with little expectation that the latest round targeting officials and companies would prompt a turnabout by President Vladimir Putin.
President Barack Obama laid out a full-throated defense of his administration’s foreign policy, pushing back against lawmakers and analysts who have criticized his response to crises in Syria and Ukraine.
OAO Gazprombank executives are preparing Russia’s third-largest lender for possible U.S. sanctions as the Obama administration gets ready to respond to escalating tensions in Ukraine, according to two people with knowledge of the deliberations.
VTB Capital, Russia’s largest investment bank, is considering cutting most of its New York staff if the U.S. imposes further sanctions over the conflict in Ukraine, two people with knowledge of the plan said.
The United Auto Workers dropped its challenge to a February vote in which Volkswagen AG workers in Tennessee rejected representation, dashing one of labor’s best shots at organizing a foreign-owned car plant in the U.S.