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Wednesday, 30 July 2014 - 14:26
Ukraine conflict: US and EU widen sanctions on Russia.
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US President Barack Obama has announced new economic sanctions against Russia, saying they will make Russia's "weak economy even weaker".

He said the co-ordinated actions of the US and European Union would "have an even bigger bite" on the Russia's economy.

The new restrictions include banning Americans or people in the US from banking with 3 Russian banks.

The aim is to increase the cost to Russia of its continued support for pro-Moscow rebels in eastern Ukraine.

Moscow denies charges by the EU and US that it is supplying heavy weapons to the rebels.

 
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