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U.S., EU Intensify Economic Sanctions Against Russia

Posted September 15, 2014

Under Economic Issues, International Trade Issues

(STR Trade Report)

The United States and the European Union have implemented additional economic sanctions against Russia in response to what they claim are continued and deliberate efforts to destabilize eastern Ukraine. Officials said these sanctions could be amended, suspended or repealed if Russia acts to ease tensions. According to press reports, Moscow has responded by threatening to expand its restrictions on imports from the U.S. and EU, which already cover many agricultural products, to include used cars, textile and apparel goods, and other consumer products. Read more here.