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Obama signs bill-- won't impose immediate sanctions on Russia
President Barack Obama—Photo by Joseph Earnest
by Joseph Earnest December 18, 2014
Newscast Media WASHINGTON—President Barack Obama signed a bill authorizing new sanctions against Russia on December 18 but said that he would not impose them "at this time."
In a statement, Obama said, "At this time, the Administration does not intend to impose sanctions under this law, but the Act gives the Administration additional authorities that could be utilized, if circumstances warranted. We remain prepared to roll back sanctions should Russia take the necessary steps."
The Ukraine Freedom Support Act authorizes—but does not technically require— defensive lethal aid for Kyiv and sanctions against Russian defense and energy sectors.
Obama said in a statement that the signing of the legislation "does not signal a change in the administration's sanctions policy."
Sanctions, along with plummeting oil prices, have contributed to Russia's economic turmoil, as well as the fall of its currency.
The bill passed the divided U.S. Congress unanimously.
The bill also authorizes more loan guarantees for Ukraine and additional funds to address the country's energy shortage, for U.S. international broadcasting, and for Russian democracy and civil society organizations. Add Comments>>
Source: Radio Free Europe
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