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U.S. expected to announce new sanctions against Russia

Sunday, April 27, 2014 - 01:16

April 27 - White House National Security Adviser Tony Blinken says additional penalties against Russia will go after Putin's inner circle. Vanessa Johnston reports.

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The U.S. this week is expected to announce new sanctions for Russia over Ukraine. Speaking on Face the Nation, National Security Adviser Tony Blinken said Russia had failed to deescalate the crisis. (SOUNDBITE) (English) WHITE HOUSE DEPUTY NATIONAL SECURITY ADVISER ANTONY "TONY" BLINKEN SAYING: "On Friday, even though he was in Asia, the president convened a call with all of the senior European leaders, and they agreed that starting earlier this week, we would exert additional pressure on Russia through sanctions, and that will begin to roll out as early as tomorrow." The sanctions, which include Visa bans and asset freezes, are expected to target Putin's inner circle. (SOUNDBITE) (English) WHITE HOUSE DEPUTY NATIONAL SECURITY ADVISER ANTONY "TONY" BLINKEN SAYING: "We've already seen a significant impact of the pressure we've exerted on Russia over the last several weeks. Their financial market's down 22% since the beginning of the year; the ruble at its lowest levels ever. Foreign investment sitting on the fence. And growth being in great jeopardy." Republican Senator Bob Corker from Tennessee thinks it's not enough. He wants to target companies. (SOUNDBITE) (English) TENNESSEE REPUBLICAN SENATOR BOB CORKER SAYING: "To me, hitting four of the largest banks there would send shockwaves into the economy. Hitting Gazprom would certainly send shockwaves into the economy." Corker said the Obama administration is exercising too much caution with Putin.

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U.S. expected to announce new sanctions against Russia

Sunday, April 27, 2014 - 01:16