JULIE PACEJONATHAN FAHEY - Washington Examiner

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FILE - In this March 4, 2014 file photo, a monument to Ukrainian poet and writer Taras Shevchenko is silhouetted against an apartment building with a sign advertising Russia's natural gas giant Gazprom, in Moscow, Russia. Unsatisfied with a fragile cease-fire in Ukraine, the United States and the European Union levied new sanctions Friday against major Russian banks and defense companies, as well as penalties aimed at curtailing Russia's ability to develop oil and gas projects. But the restrictions on Russia's energy sector were carefully crafted to avoid impacting the country's current production of oil and gas, a move that would raise global energy prices at time of weak economic growth. Russia is the largest oil exporter outside of OPEC and the most important supplier of natural gas to Europe. (AP Photo/Alexander Zemlianichenko, file)

Business

US, EU levy sanctions on Russia despite cease-fire

JULIE PACEJONATHAN FAHEY -

September 13, 2014 2:50 am