BRUSSELS: Europe and the United States (US) ramped up pressure on Thursday (Friday in Manila) on Russia over the annexation of Crimea, imposing sanctions on senior figures close to President Vladimir Putin, who retaliated in a deepening of the worst East-West crisis since the Cold War.
In Brussels, European Union (EU) leaders slapped an asset freeze and travel ban on 12 more Russians and Ukrainians, bringing to 33 the number of figures targeted by the European bloc.
The EU move came on the heels of an announcement by US President Barack Obama of a new round of punitive measures against 20 Russian lawmakers and senior government officials, in addition to 11 individuals already targeted.
Obama, who threatened to target the broader Russian economy if Moscow did not reverse course, said: “Russia must know that further escalation will only isolate it further from the international community.”
Among those named were top businessmen close to President Vladimir Putin such as billionaires Gennady Timchenko, Arkady Rotenberg and Boris Rotenberg plus a bank used by close associates.
Russia ‘cannot continue’
“Russia must understand that it cannot continue, that it must take the path of dialogue,” French President Francois Hollande said as he announced the EU measures.
The 28-nation bloc also cancelled an EU-Russia summit planned for June and called for the dispatch of international or EU monitors to Ukraine.
In Moscow, where the lower house of parliament rubber-stamped the absorption of the rebel peninsula, authorities issued their own list of sanctions against nine US officials, including ranking political figures and presidential aides.
In a tit-for-tat measure, Moscow listed Obama aides Caroline Atkinson, Daniel Pfeiffer and Benjamin Rhodes and senators Mary Landrieu, John McCain and Daniel Coats.
“There should be no doubt: each hostile attack will be met in an adequate manner,” the Russian foreign ministry said.
There was no immediate Russian response to the EU sanctions. The European Union did not immediately identify the 12 individuals added to its sanctions list, saying they would be named on Friday. European Council president Herman Van Rompuy said “some are really highly placed.”
Van Rompuy added: “Sanctions are not a question of retaliation . . . not a goal in themselves but a means to an end.”
“Our goal is to restore Ukraine’s sovereignty,” he further said.
Europe’s leaders stopped short of wider economic sanctions but insisted they were ready to ratchet up the pressure in case of further signs of Russian aggression.
“If there’s any further destabilization in Ukraine, then there should be further wide ranging measures taken,” said British Prime Minister David Cameron.
But some EU nations are heavily dependent on Russian oil and gas. Consequently, the bloc is divided on how far it should go, with many members reluctant to raise the economic stakes.
In a fresh sign of support for Ukraine’s transitional authorities, EU leaders on Friday will sign with interim premier Arseniy Yatsenyuk the political sections of a broad EU Association Agreement. Its rejection back in November by Ukraine’s pro-Kremlin president Viktor Yanukovych sparked the protests that led to his fall.
A key area of concern is energy, with Russia supplying more than a quarter of the EU’s gas.
EU efforts to diversify energy supplies after Russia cut deliveries to Ukraine in 2006 and 2009 have so far failed to make much headway, and the EU leaders are due to discuss the issue again.