U.S., EU Tighten Russia Sanctions as Putin Shuns Retaliation Now

September 12, 2014 3:28 PM

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The U.S. expanded sanctions against Russia to include the country’s largest bank, OAO Sberbank, energy companies as well as five state-owned defense and technology companies, joining the European Union in tightening restrictions.

President Vladimir Putin, talking to reporters in the Tajik capital of Dushanbe, said Russia will hold off on retaliation for now and has no plans to “close itself off.”

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