Obama urges new sanctions against Russia, Iran, North Korea as Iran-Russia trade war looms
Obama warned Tuesday that the U.S. and other countries could impose sanctions against countries involved in the U-S.S.-RUSSIA trade war, but he offered few specifics.
The president, who has threatened to impose new sanctions, also sought to allay concerns that a new round of trade sanctions could spark retaliatory actions by countries such as China, the world’s top importer of U. S. goods.
The administration has imposed new sanctions on Iran, Russia, North Korean leader Kim Jong Un’s country and the Assad regime in Syria.
Obama’s comments came hours after Russian President Vladimir Putin signed a decree on Tuesday imposing new sanctions targeting companies and individuals connected to the U.-S.-Russian oil and gas pipeline that connects the Russian Far East to Europe.
The U.N. Security Council is set to hold an emergency session on the issue at 2 p.m.
ET (1700 GMT).
In an unusually blunt statement, the U,S.
ambassador to the United Nations, Samantha Power, warned that the trade war could lead to “the creation of new regional and global security challenges, including in Europe and the Middle East.” The U