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Obama Sanctions Putin’s Allies While Putin Sanctions U.S. Officials

Obama Sanctions Putin’s Allies While Putin Sanctions U.S. Officials March 21, 2014Leave a comment

(Fox Weekly) — The East-West confrontations are just growing dangerous each day. President Barack Obama on Thursday, targeted some of Putin’s closest business and political allies with sanctions. The sanctions were targeted to Putin’s inner circle and the sanctions included travel ban and assets freezes.

This comes just after Russia’s conflict with Ukraine and the referendum in Crimea. On Thursday, Russian troops also invaded 3 Ukrainian warships in Crimea. Both sides exchanged fires and grenades were involved.

The 20 individuals that are in the U.S. blacklist included Kremlin banker Yuri Kovalchuk and his Bank Rossiya, major oil and commodities trader Gennady Timchenko and the brothers Arkady and Boris Rotenberg, linked to big contracts on gas pipelines and at the Sochi Olympics, as well as Putin’s chief of staff and his deputy, the head of military intelligence and a railways chief.

In a statement explaining the sanctions, the U.S. Treasury said: “Gennady Timchenko is one of the founders of Gunvor, one of the world’s largest independent commodity trading companies involved in the oil and energy markets.

“Timchenko’s activities in the energy sector have been directly linked to Putin. Putin has investments in Gunvor and may have access to Gunvor funds.”

The Russian government on the other hand, had sanctioned U.S. officials including: House Speaker John Boehner, R-Ohio; Senate Majority Leader Harry Reid, D-Nev.; and Sen. John McCain, R-Ariz.

“I guess this means my spring break in Siberia is off, my Gazprom stock is lost, and my secret bank account in Moscow is frozen,” McCain stated. “Nonetheless, I will never cease my efforts on behalf of the freedom, independence, and territorial integrity of Ukraine, including Crimea.”

Most U.S. officials said that they were ‘proud’ to be sanctioned by Putin.

As tensions to continue to escalate, a dangerous conflict that is already labeled as the worst East-West confrontation since the Cold War.

Reported by Joey Betancourt-Florez

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