Home
 American AgCredit
Weather |  Futures |  Market News |  Headline News |  DTN Ag Headlines |  AgBizDir.com |  Portfolio |  Cattle News |  Dairy News |  Grain |  Livestock |  US Ag News 
 
 
Printable Page Headline News   Return to Menu - Page 1 2 3 5 6 7 8 13
 
 
Russia: US Sanctions are Useless       12/20 12:35

   Russia on Saturday dismissed new U.S. sanctions as useless and said it was 
poised to wait as long as it takes for the U.S. to recognize its historic right 
to the Crimean peninsula.

   MOSCOW (AP) -- Russia on Saturday dismissed new U.S. sanctions as useless 
and said it was poised to wait as long as it takes for the U.S. to recognize 
its historic right to the Crimean peninsula.

   Following several rounds of sanctions earlier this year, President Barack 
Obama on Friday approved new restrictions on Crimea which Russia annexed in 
March after a hastily called referendum.

   The Russian foreign ministry on Saturday expressed regret that "the United 
States and Canada still cannot get over the results of a free vote in Crimea in 
March," the referendum that was condemned by the international community as 
illegal and held under the guns of Russian troops.

   Canada on Friday announced travel bans for dozens of individuals as well as 
restrictions on the export of technology used in Russia's oil industry.

   In a pithy statement, Moscow insisted that the new sanctions won't push 
Russia to give up Crimea since it is a "historic and integral part of Russia" 
and said it was working on unspecified measures to retaliate.

   The ministry referred to Cuba where it took the U.S. decades to restore 
diplomatic relations. "The White House took half a century to admit that 
blockading Cuba with sanctions was useless: well, we can wait too," the 
statement said.

   Obama's order prohibited U.S. companies and individuals from exporting or 
importing any goods, services or technology to or from Crimea. Likewise, U.S. 
individuals or companies cannot buy real estate or businesses in Crimea or 
finance Crimean companies.

   It also freezes any assets in the U.S. of individuals determined by the U.S. 
Treasury Department to be operating in Crimea.

   Obama's order follows a European Union ban on investment in Crimea, and 
other economic restrictions including measures aimed at keeping tourists 
away.The new measures on investment, services and trade, announced Thursday, 
beef up the EU's previous response to Russia's annexation of the peninsula.

   Europeans and EU-based companies are barred from buying real estate or 
businesses in Crimea, financing Crimean companies or supplying services as of 
Saturday.

   In addition, EU operators will no longer be allowed to offer tourism 
services to Crimea's Black Sea beaches or other destinations. Cruise ships 
owned by an EU-based company or flying an EU member state's flag will also no 
longer be allowed to call at Sevastopol or other Crimean ports, except in an 
emergency.

   Moscow's harsh anti-American rhetoric comes a time when the Kremlin seems to 
be departing from its defiant stance on a settlement in eastern Ukraine. It 
has, for instance, given up its persistent suggestion that the only solution to 
the bloody conflict in the east is the federalization of Ukraine.


(KA)


 
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN