Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

U S Department of Treasury : Statement from Treasury Secretary Jacob J. Lew

03/20/2014 | 03:46pm US/Eastern
 Statement from Treasury Secretary Jacob J. Lew
3/20/2014

Page Content

"Russia has already begun to feel the impact of the international community's united effort to respond to its unlawful and provocative acts, and the actions we have taken today will ratchet up the pressure on the Russian economy even more. The sanctions we announced today will have serious consequences, and they send a clear signal to the Russian government that their recent actions undermining the sovereignty and territorial integrity of Ukraine will not go unanswered. 

"With today's Executive Order, we also now have far-reaching authority to designate entities and individuals in key sectors of the Russian economy, such as financial services, energy, metals and mining, engineering, and defense and related materiel.  This provides us with broader tools to highlight the future choices facing Russia's leadership, and our use of these tools will be based on careful consideration of what will be most effective in meeting that objective.  While a path of de-escalation remains available to Russia, we are prepared to take additional steps to demonstrate that there are costs for violating international law.

###

distributed by
React to this article
Latest news
Date Title
07:18p Many BOJ members said oil price falls benefit economy - December minutes
07:18p STANDARD CHARTERED : Shilling calms as BoU sells $45 million
07:18pDJSiemens Chief Faces Heat On Price For Equipment Maker
07:16p BANK OF JAPAN : Forex - Euro drops as Greece anti-austerity party wins polls
07:08p BERKELEY MINERAL RESOURCES : Obsidian IR
07:03p JOY CITY PROPERTY : Maintains Positive Growth Momentum with Reasonable Growth of Operating Result
07:03p WESTECH ELECTRONICS : Press Release: We Holdings To Issue Warrants And Expand Into Philippines Commodity Markets
07:03p WESTECH ELECTRONICS : Asset Acquisitions And Disposals :: Proposed Acquisition Of 50,000 Shares In The Capital Of Maritrans Recycler, Inc
07:03p WESTECH ELECTRONICS : Proposed Renounceable Non-Underwritten Rights Issue Of Warrants
07:02p NATIONAL COMMERCIAL BANK SJSC : Indians mark Republic Day today
Latest news
Advertisement
Hot News 
HAIKE CHEMICAL : Expects To Report 2014 Profit After Restructuring
FXCM : Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of FXCM Inc. Stockholders
SAGENTIA : Considering GBP10 Million Cash Windfall To Shareholders
SABLE MINING AFRICA LD : Set To Sign Big Transshipment, Infrastructure Development Deal
LEAPFROG ENTERPRISES : Provides Preliminary Unaudited Fiscal Third Quarter Results
Most Read News
06:27p HOME DEPOT : Cops: Man kills co-worker, then himself at NYC Home Depot
06:18p H & R BLOCK : Affordable Care Act adds to filing complexity
07:00p ARDMORE SHIPPING : to Issue Quarterly Dividend of $0.10 on February 18th (ASC)
06:53p TOKYO ELECTRON : Notice about MOFCOM merger review
06:52p KINDER MORGAN : Pipeline basics: the players, the project
Most recommended articles
07:18p Many BOJ members said oil price falls benefit economy - December minutes
07:18pDJSiemens Chief Faces Heat On Price For Equipment Maker
07:00p Japan December exports rise 12.9 percent year-on-year - MOF
06:55pDJTwo Home Depot Employees Killed in Store Shooting in New York City
06:40p Euro, stocks fall as anti-austerity party wins Greek election
Dynamic quotes  
ON
| OFF