Obama announces expanded sanctions on Russians over Ukraine - CNBC Africa

Obama announces expanded sanctions on Russians over Ukraine

Special Report

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President Barack Obama. PHOTO: Salon

Obama cleared the way for possible sanctions on key sectors of the Russian economy in response to Moscow's seizure of the Crimea region from Ukraine.

(WATCH VIDEO: How will S.Africa be impacted by Russia & Ukraine Standoff?)

The US president, speaking at the White House, also said Russia's threats to southern and eastern Ukraine posed a serious risk of escalation of the crisis in the region.

(READ MORE: S.Africa's rand weakens as Ukraine crisis triggers risk aversion)

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