Obama Says U.S. Will Join EU in Tighter Russia Sanctions

President Barack Obama said the U.S. is joining the European Union in slapping more sanctions on Russia for its continued support of separatists in Ukraine.

“We are implementing these new measures in light of Russia’s actions to further destabilize Ukraine over the last month, including through the presence of heavily armed Russian forces in eastern Ukraine,” Obama said in a statement issued by the White House today.

The U.S. sanctions will “deepen and broaden” sanctions in Russia’s financial, energy, and defense sectors, according to the statement, which added that the sanctions will take effect tomorrow and details will be released then.

In the latest round of penalties, the EU agreed to bar some Russian state-owned defense and energy companies from raising capital in the 28-member bloc, according to three EU officials in Brussels, who spoke on on condition of anonymity.

The EU said it would enact its latest round of sanctions tomorrow, while promising to ease the curbs once President Vladimir Putin’s government makes a good-faith effort to bring peace to eastern Ukraine.

The EU and the U.S. have already slapped visa bans and asset freezes on Russian individuals and companies, and since July have imposed steadily tougher sanctions targeting the country’s energy, finance and defense industries.

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