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U.S., EU announce widened sanctions against Russia Updated: 2014-07-30 04:25:52 KST

U.S., EU announce widened sanctions against Russia
Time now for a look through the international headlines we're following this morning. For that, we turn to our Eunice Kim, standing by at the NewsCenter. Good morning, Eunice.

Good morning, Mark. Just within the past couple hours, U.S. President Barack Obama announced America's widened economic sanctions on Russia joining its E-U counterparts that had released *its sanctions list shortly before.
And they go beyond travel restrictions and asset freezes this time. They span the energy, arms and finance sectors.
The economic sanctions will target some of Russia's biggest banks including the Bank of Moscow, VTB and the Russian Agriculture Bank. They'll be limited in their access to capital as E-U citizens and banks will be banned from buying certain bonds or stocks issued by state-owned Russian banks.
President Obama said U.S. credit and financing for projects in Russia will be scaled back if not suspended altogether.
Meanwhile an E-U arms embargo would block certain technologies and equipment from entering Russia.
The coordinated sanctions come as Western leaders want to raise the cost to Russia for its support of pro-Moscow rebels in eastern Ukraine. Many believe Moscow created the conditions that led to the downing of Malaysia Airlines Flight 17 a charge Russia has denied.
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