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Obama Announces New, ‘More Severe’ Sanctions Against Russia

WASHINGTON — President Obama on Thursday announced a second round of sanctions against Russia that targets additional senior officials, individuals with “substantial resources and influence” and a bank.

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President Obama discusses Crimea March 20, 2014 on the South Lawn at the White House. (Charles Dharapak / AP)

The president said the United States was continuing to work with European countries to take “more severe actions.”

Obama, seeking to force Russia to back off its annexation of Crimea from Ukraine, also said he had signed a new executive order to allow the U.S. to take action against key sectors of the Russian economy.

“This is not our preferred outcome,” he said, speaking from the South Lawn of the White House. But he said “further escalation” by Russia “will only isolate it further from the international community.”

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