US Sanctions Close Putin Associates

FILE - In this June 17, 2013, file photo, President Barack Obama meets with Russian President Vladimir Putin in Enniskillen, Northern Ireland. Obama took a shot at Putin Friday, Aug. 9, 2013, for his demeanor in meet... FILE - In this June 17, 2013, file photo, President Barack Obama meets with Russian President Vladimir Putin in Enniskillen, Northern Ireland. Obama took a shot at Putin Friday, Aug. 9, 2013, for his demeanor in meetings and appearances before reporters. "He's got that kind of slouch, looking like the bored kid in the back of the classroom," Obama said. "But the truth is, is that when we're in conversations together, oftentimes it's very productive." (AP Photo/Evan Vucci, File) MORE LESS
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WASHINGTON (AP) — New U.S. sanctions against Russia include President Vladimir Putin’s longtime associate and chief of staff, his close friends, some of the richest men in the country and the head of Russian Railways.

President Barack Obama is expanding economic sanctions against Moscow, targeting 20 individuals inside and outside the government as well as a Russian bank that provides them support.

The Treasury Department says among those sanctioned is Sergei Ivanov, one of Putin’s closest associates. Also being hit are a private bank owned by Yuri Kovalchuk, who is considered to be Putin’s banker; and two life-long Putin friends who have become multibillionaires during his presidency.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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