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For US and Europe, divisions over Russia penalties

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Posted: Jul 17, 2014 1:22 AM

Updated: Jul 17, 2014 1:23 AM

WASHINGTON (AP) The United States and Europe are seeking to maintain a united front against Russia with coordinated announcements of new economic sanctions, but divisions persist over how aggressive the West should be in punishing Moscow for its threatening moves in Ukraine.

The penalties announced by the White House on Wednesday were broad in scope, targeting two major Russian energy firms, a pair of powerful financial institutions, eight weapons makers and four individuals. Europe has a far deeper economic relationship with Russia than the U.S., and leaders in Europe were more restrained, ordering investment and development banks on the continent to suspend financing agreements with Moscow.

Even the U.S. penalties stopped short of the most stringent actions the West has threatened, which would fully cut off key sectors of Russia's economy.

Topics: US--West-Russia Sanctions

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