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US President Obama: This is not a new Cold War (Photo: whitehouse.gov)

US joins EU on Russia economic sanctions

The US on Tuesday (29 July) announced a widening of its own Russia sanctions to match the EU's economic sanctions adopted just a few hours previously.

"Today, and building on the measures we announced two weeks ago, the United States is imposing new sanctions in key sectors of the Russian economy: energy, arms, and finance," US President Barack Obama said at a press conference in Washington.

He said exports of "specific goods and technologies to the Russian energy sector" will be...

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