Russia Banks Should Be Targets in Sanctions, Boehner Says

by The Daily Lede

Russia Banks Should Be Targets in Sanctions, Boehner Says

Russian banks should bear some economic penalties for Vladimir Putin’s government and President Barack Obama needs to push harder to get a tougher response from European nations, House Speaker John Boehner said.

“You go after their banks,” Boehner said on Fox News Channel’s “Sunday Morning Futures with Maria Bartiromo” in an interview broadcast today. “I’m concerned that we’ve not pushed the Europeans hard enough to take a firmer line against the Russians. And our allies in the region are scared to death.”

While U.S. officials have discussed targeting sectors of the Russian economy, such as energy and finance, they have so far only sanctioned 45 individuals and 19 entities, including SMP Bank and Bank Rossiya. The European Union is preparing to punish Russian companies that expropriated assets in Crimea, and may approve a list early next week, EU officials said.

“What Putin is doing is making the world less safe, and certainly making Europe less safe,” Boehner said.