September 13, 2014

New Sanctions Target Russia's Energy and Finance Sectors; Defense Industry Also in Crosshairs

By Julianne Smith

Source: C4ISR & Networks

Journalist(s) Aaron Mehta

WASHINGTON — The newest series of sanctions issued by the United States and its European allies is targeted heavily against Russia’s energy and financial sectors, but the defense industry may also be affected.

The sanctions, announced Sept. 12, are the latest in a series of moves by the international community to try and isolate Russia as a result of its actions in Ukraine.

The focus of the new sanctions are the financial and energy sectors. The White House is directly challenging Russia’s ability to receive financing, following a path that one senior administration official said has already netted a return for the international community.

“No question [previous sanctions] have had significant impact on the individuals [targeted], and more broadly on the Russian economy,” the official said on a conference call involving senior administration officials immediately following the sanctions announcement. The official added that the ruble has lost over 13 percent of its value since the start of 2014.

Read the full article at C4ISR & Networks

  • Julianne Smith

    Senior Fellow and Director, Transatlantic Security Program

    Julianne (“Julie”) Smith is Senior Fellow and Director of the Transatlantic Security Program at the Center for a New American Security. She is a contributing editor to Fo...