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Russian President Vladimir Putin takes a question from reporters at a BRICS gathering in Brasilia on July 16, 2014. Mr. Putin warned that U.S. sanctions will take relations with Russia to a ‘dead end’ and damage U.S. business interests in his country.
Russian President Vladimir Putin takes a question from reporters at a BRICS gathering in Brasilia on July 16, 2014. Mr. Putin warned that U.S. sanctions will take relations with Russia to a ‘dead end’ and damage U.S. business interests in his country.
(RIA NOVOSTI/REUTERS)

West needs tougher sanctions to budge Putin

Washington has expanded its sanctions against Russian oligarchs and companies with close links to Vladimir Putin, targeting banks, the defence sector and energy producers. The list includes OAO Rosneft, the state-controlled global oil giant with a raft of joint ventures in various parts of the world, including Canada. The European Union intends to follow suit, albeit with somewhat milder measures.