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US expands sanctions against Russia

US administration announced new, tougher sanctions against Russia on Wednesday, stressing that Russia was responsible for the continuing support of separatists battling government forces in Ukraine. New measures target major Russian banks, energy companies (such as Rosneft) and individuals. 

“The expanded sanctions in our view are likely to have a further damaging effect on the Russian economy", analysts at Danske Bank say. "We believe that the Russian economy is already in recession and the continued downturn in the economy is likely to put renewed pressure on the Russian markets”.

 

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