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In response to Russian actions in Ukraine, the United States has imposed progressively stronger sanctions against Russia over the past several months, both by legislative and by executive action. The latest step was taken on December 13, 2014, when Congress unanimously passed the Ukraine Freedom Support Act of 2014 (the Act).1 The Act targets elements of Russia’s defense, energy, and financial sectors.
The Act also targets foreign financial institutions engaged in certain transactions either with Specially Designated Nationals (SDNs) or with certain Russian defense or energy interests, as well as significant foreign investors in Russian crude oil projects. President Obama, while expressing some misgivings, signed the Act into law on December 18. While early indications from the White House are that the President does not immediately intend to make use of the authority the law grants him, he has left open the possibility of taking swift action should circumstances warrant.
President Obama’s sanctions against Russia in the wake of hacking allegations are a transparent political ploy that would be more meaningful if he’d spent his presidency standing up to Russian aggression on everything from Crimea to Syria and Israel. They would also be more meaningful if President Obama, who this week orchestrated what’s being called the “biggest retaliation against Russians since the Cold War” if he hadn’t so flippantly dismissed rival Mitt Romney’s prescient analysis of Russian threats. “The 1980s are now calling to ask for their foreign policy back because the Cold War’s been over for 20 years,” President Obama prodded Romney during their 2012 foreign policy debate.
"While today's action by the administration is overdue, it is an appropriate way to end eight years of failed policy with Russia," House Speaker Paul Ryan said.
A draft U.N. resolution that would impose sanctions on Iran, including limits on global arms transfers, will not block the controversial transfer of Russian S-300 missiles to the Iranian military, according to U.S. and Russian officials.
originally posted by: Sillyolme
a reply to: DBCowboy
I don't want war. I protested against war. I'm a peacenick. Love and flowers and take care of those who can't take care of themselves kind of woman.