EFTA Document EFTA01461451

(BN) Obama Expands Sanctions on Russian Officials to Press Putin (3) This has been prepared solely for informational purposes. It is not an offer, recommendation or solicitation to buy or sell, nor is it an official confirmation of terms. It is based on information generally available to the public from sources believed to be reliable. No representation is made that it is accurate or complete or that any returns indicated will be achieved. changes to assumptions may have a material impact on any returns detailed. Past performance is not indicative of future returns. Price and availability are subject to change without notice. Additional information is available upon request. Obama Expands sanctions on Russian officials to Press Putin (3) 2014-03-20 21:03:23.138 GMT (updates with market reaction, lawyer's comment, Nagel call to Russian defense minister beginning in eighth paragraph. For more on the conflict in ukraine, go to ExT2.) By Roger Runningen and James G. Neuger March 20 (Bloomberg) -- President Barack Obama expanded u.s. financial sanctions to 20 more Russian officials, businessmen and a bank and authorized potential future penalties that would directly target sectors of the Russian economy. "we're imposing sanctions on more senior officials of the Russian government," Obama said on the South Lawn of the white House. "In addition, we are today sanctioning a number of other individuals with substantial resources and influence who provide material support to the Russian leadership, as well as a bank that provides material support to these individuals." with Russia poised to annex Crimea and its troops massing near Ukraine's border to the east and south, the U.S. and the European Union are moving to coordinate ramped up economic pressure on Russian President vladimir Putin and his allies. Obama is set to travel next week to Europe to consult with EU leaders, who were meeting today to work on a unified position. Today's action is against 20 individuals, members of the Russian government and business leaders who the u.s. says have ties to Putin, and adds to the seven Russian officials and four people from ukraine who already were subjected to sanctions. It also includes Bank Rossiya in St. Petersburg, which U.S. officials said has 410 billion in assets and is the 17th largest bank in Russia. sanctions Targets Those targeted in the latest round include: Evgeni viktorovich Bushmin, deputy speaker of the Federation council of the Russian Federation; Andrei Fursenko, an aide to Putin; Vladimir Yakunin, chief executive officer of 0444 Russian Railways; billionaire Gennady Timchenko, a co-founder of oil trader Gunvor Group Ltd; businessman Arkady Rotenberg, a former judo partner of Putin whose companies won more than S7 billion of contracts for the 2014 winter Olympics in Sochi, and his brother, Boris, and Vuri Kovalchuk, a partner at Bank Rossiya, according to a list released by the Treasury Department. Eight of the 20 were previously designated by the EU. The sanctions, based on an executive order issued March 17, ban the individuals' entry, freeze any personal assets they may have in the U.S. and bar them from doing business with any U.S. company or financial institution. A V.S. official, who briefed reporters on condition of anonymity to discuss the details, said the individuals won't have access to any u.S. financial services and will have CONFIDENTIAL — PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0 123510 CONFIDENTIAL SDNY_GM_00269694 EFTA01461451