The European Union imposed a second round of sanctions targeting 12 Russian political and military officials involved in Russia’s annexation of the Black Sea peninsula of Crimea from Ukraine. As a previous step, the EU imposed sanctions on 21 Ukrainian and Russian individuals.
The European Union targeted a Russian state news service chief, labeled a propagandist for the Kremlin, while excluding business leaders from a new wave of sanctions over the seizure of Ukraine’s southern Crimea region.
U.S. President Barack Obama imposed financial sanctions on several billionaire associates and top aides of President Vladimir Putin as he increased pressure on Russia. Kremlin spokesman Dmitry Peskov said Russia’s reaction will be “reciprocal and swift” after Russia barred nine U.S. lawmakers and officials in retaliation against earlier measures.
Russian lawmakers are preparing to ratify a treaty this week to annex Crimea, hailing as a victory the return of the Black Sea peninsula that may require billions of dollars even as the national economy comes under strain.
Ukraine told Russia that a military invasion would be an act of war following a vote by lawmakers in Moscow to give President Vladimir Putin the right to send troops after pro-Russian forces seized control of Crimea.
Qiwi Plc, the Russian electronic- payment operator, dropped the most since its May listing in New York after newspaper Kommersant reported that a proposed anti- terrorism bill would limit transactions.
West Texas Intermediate dropped a second day after reports that Syria agreed to a Russian plan to surrender its chemical weapons, easing concern of a U.S. attack that may escalate the conflict and cut Middle Eastern exports.