US President Barack Obama has signed a new Executive Order that extends economic sanctions against Russia for another year.
The decree, published Wednesday on the official White House website, states that economic and financial sanctions imposed on Moscow over its involvement in the Ukrainian crisis will stay in place until March 6, 2017.
The decision came as “Russia’s actions continue to pose an unusual and extraordinary threat to the national security and foreign policy of the United States,” Obama said in the document.
“I found that the actions and policies of the Government of the Russian Federation with respect to Ukraine undermine democratic processes and institutions in Ukraine; threaten its peace, security, stability, sovereignty, and territorial integrity; and contribute to the misappropriation of its assets,” the president added.
The move drew criticism from the Kremlin, with Russian presidential spokesman Dmitry Peskov telling reporters on Thursday that the decision was regrettable.