WBEN NewsRadio 930>Audio & Video on Demand>>President Obama Issues More Sanctions Against Russia

President Obama Issues More Sanctions Against Russia

Mar 20, 2014|

President Obama with an update on sanctions against Russia for Ukraine incidents.

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Automatically Generated Transcript (may not be 100% accurate)

Good morning air but it. I want to provide an update on the situation Ukraine. And the staff that the United States it's taken spot. Over the last several dates we tend to be deeply concerned by events in the Ukraine. We've seen an illegal referendum in Crimea. An illegitimate. Move by the Russians to annex Crimea. And dangerous risks of escalation. Including threats to Ukrainian personnel in Crimea and threats to southern and eastern Ukraine as well. These are all choices that the Russian government has night. Choices that have been rejected by the international community. As well as the government of Ukraine. Because of these choices. The United States is today moving as we said we would to impose additional costs on rushed. Based on the executive order that I signed in response to Russia's initial intervention in Ukraine. We're imposing sanctions on more senior officials of the Russian government. In addition. We are today sanctioning a number of other individuals with substantial resources and influence who provide material support to the Russian leadership. As well as the bank that provides material support to these individuals. Now we're taking these steps as part of our response to what Russia has already done in Crimea. At the same time the world is watching with great concern as Russia has positioned its military. In a way that could lead to further incursions into southern. And eastern Ukraine. For this reason we've been working closely with our European partners to develop more severe actions that could be taken. If Russia continues to escalate the situation. As part of that process that I signed a new executive order today that gives us the authority. To impose sanctions not just on individuals but on key sectors. Of the Russian economy. This is not our preferred outcome. These sanctions would not only have a significant impact on the Russian economy but could also be disruptive to the global economy. However Russia must know that further escalation will only isolate it further from the international community. The basic principles that govern relations between nations in Europe and around the world must be upheld in the 21 century. That includes respect for sovereignty and territorial integrity. The notion that nations do not simply read draw borders or make decisions that they expense of their neighbors simply because they are larger. Or more powerful. One of our other top priorities continues to be providing assistance to the government of Ukraine so it can stabilize its economy. And meet the basic needs of the Ukrainian people. As I traveled to Europe next week to meet with the G-7 other European and Asian allies. A once again urge congress to pass legislation that is necessary to provide. This assistance. And do it right away. Expressions of support. Or not enough. We need action. I also hope that the IMF move swiftly to provide a significant package of support. For ukrainians as they pursue reforms. In Europe also be reinforcing mess is the Vice President Biden chaired Poland in the Baltic States this week. America's support for our NATO allies is unwavering. We're bound together by a profound article five commitment to defend one another. And biased set of shared values that so many generations sacrificed for. Regarding increased our support for an eastern European allies and we will continue to strengthen NATO's collective defense. And we will step up our cooperation with Europe. On economic. And energy issues as well. Elevate close but making a final point. Diplomacy between the United States and Russia continues. We've emphasized. That Russia still has a different path available. On the and one that involves Russia pursuing a diplomatic solution. With the government in Kiev. With the support of the international to give up. The Russian. People need to know when mr. Putin needs to understand that we ukrainians. Shouldn't have to choose between the west and Russia. We want the Ukrainian people to determine their own best. And have good relations with the the United States with Russia would Europe. With anyone that they chose. That can only happen if Russia also recognize. The rights of all the Ukrainian people determine their future. As free individuals. And as a sovereign nation. Writes that people and nations around the world. Understand and support. Thank you very much Herbert.