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Breaking News: Obama authorizes more sanctions on Russia

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President Obama issued another executive order this morning authorizing even more sanctions on Russia. This one targets specific Russian officials but not President Vladimir Putin himself.

This latest executive order (EO) means that any assets owned by the targeted Russians in the US will now be frozen. It also forbids Americans will not be allowed to do business with them.

In response to Obama’s press conference and EO, Senior Russian official Dmitry Rogozin tweeted: Comrade @BarackObama, what should do those who have neither accounts nor property abroad? Or U didn't think about it?).”

The European Union (EU) has also imposed sanctions against officials, 21 to be specific, according to BBC.

The US and many European countries do not recognize the referendum that took place under the ever watchful eyes of Russian military yesterday in Crimea. A reported 97% of voters there chose to break from Ukraine and fall under Russian rule. This means that Crimea is now independent of Ukraine and will apply to be formerly assimilated by Russia. In addition, Crimea will change time zones to be on time with Moscow. Currency will be changed to the Russian ruble. Russia will also allow Crimea soldiers to be assimilated into the Russian military.

Two weeks ago, Obama ordered an executive order imposing sanctions on Russia, limiting alien immigrations, prohibiting donations supporting the Russian cause and declaring a national emergency to deal with the threat.

Russian military forces have been in control of Crimea since the end of last month. Russia took Crimea by force after Ukraine’s pro-Russia president Viktor Yanukovych was ousted after he rejected an EU trade deal that had already been planned.

Putin is slated to address to Federal Assembly on Crimea tomorrow, 18 March, according to the Ministry of Foreign Affairs of the Russian Federation.

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