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EU Moving With U.S. on Russia Sanctions, Obama Aide Says

The U.S. and European Union will act on stiffer sanctions against Russia as soon as this week as Vladimir Putin’s government is “doubling down” on its support for Ukrainian rebels, an Obama administration official said.

The new sanctions by the EU are aimed at the Russian finance, defense and energy industries as well as Putin’s “cronies,” Deputy National Security Adviser Tony Blinken said. Separately, EU government representatives today agreed on a list of Putin business associates to be subjected to previously announced asset freezes and travel bans.