Advertisement
 
Friday, January 30, 2015
Amsterdam, NY ,
Advertisement

Putin: US sanctions hurt bilateral ties, US firms

Thursday, July 17, 2014 - Updated: 7:28 AM

MOSCOW (AP) -- President Vladimir Putin on Thursday lamented the latest round of U.S. sanctions against Russia, saying they will stalemate bilateral relations and hurt not only Russian but also American businesses.

Russia's benchmark MICEX was down 2.6 percent in early afternoon trading Thursday upon news of the sanctions while Russia's biggest oil company, Rosneft, was nearly 5 percent down.

Putin's comments came hours after President Barack Obama announced broader sanctions against Russia, targeting two major energy firms including Rosneft, a pair of powerful financial institutions, eight weapons firms and four individuals. The increased U.S. economic pressure is designed to end the insurgency in eastern Ukraine that is widely believed to be backed by the Kremlin.

The U.S. penalties, however, stopped short of the most stringent actions the West has threatened, which would fully cut off key sectors of Russia's oil-dependent economy. But officials said those steps were still on the table if Russia fails to abide by the West's demands to stop its support for the pro-Russia insurgents who have destabilized eastern Ukraine.

The insurgents have been fighting government troops in eastern Ukraine for four months now in a conflict that the U.N. says has killed over 400 people and has displaced tens of thousands. The conflict took off shortly after Russia annexed the mostly Russian-speaking Ukrainian peninsula of Crimea.

In televised comments Thursday, Putin said the sanctions are "driving into a corner" relations between the two nations as well as the interests of American companies and "the long-term national interests of the U.S. government and people."

     

Comments made about this article - 0 Total

Comment on this article

Advertisement
The Recorder Sports Schedule

 

The Recorder Newscast

Most Popular

    Amsterdam girls connect on 28 free throws in 63-54 win
    Saturday, January 24, 2015

    Charles P. Brown
    Saturday, January 24, 2015

    Mayor: Group has been disingenuous City, Buddhists at odds
    Wednesday, January 28, 2015

    Doris M. Zeidner-Gattman
    Saturday, January 24, 2015

    Dough for doughnuts
    Saturday, January 24, 2015

    Flummoxed Aldermen are reacting to list of tax delinquencies
    Thursday, January 29, 2015

    Los Angeles Times Movie Guide
    Thursday, January 29, 2015

    Four to be inducted into Amsterdam Baseball/Mohawks Hall of Fame
    Wednesday, January 28, 2015

    Opiela, Marotta lead Amsterdam past New Rochelle
    Saturday, January 24, 2015

    Sunlight delinquencies
    Wednesday, January 28, 2015

Advertisement

Copyright © Port Jackson Media

Privacy Policies: The Recorder

Contact Us

Twitter

Instagram

Facebook