WASHINGTON— Citing Russia's stalled growth rate and a flow of foreign capital out of Moscow, U.S. and European officials hope a new round of sanctions targeting energy and defense entities, as well as major banks, will deepen Russia's economic pain even further and force President Vladimir Putin to end provocations in Ukraine.» Read More
Sanctions are intended to tighten the screws on Russia by targeting broad sections of its economy and financial markets.
GAZA/ JERUSALEM, July 29- Israel knocked out Gaza's only power plant and pounded dozens of other high-profile targets on Tuesday, while Egyptian mediators prepared a revised proposal for halting its war with Islamist militants in the enclave.
NBC News' Martin Fletcher reports Israelis say they have found about 32 tunnels, some of them digging right into Israeli territory.
The White House also said Tuesday that the U.S. could announce new sanctions on Russia "as soon as today."
Analysts and officials compare the current operation to a one-month war between Israel and Hizbollah guerrillas in Lebanon in the summer of 2006, as well as to conflicts in Gaza in 2009 and 2012, when the economy took a hit but bounced back quickly, except for tourism.
In another sign of deteriorating relations, the U.S. government said Moscow had violated the Intermediate Range Nuclear Forces treaty.
Israeli tank shells took out Gaza's largest power source, reports NBC's Martin Fletcher, with the latest detail on the growing crisis.
WASHINGTON— Spurred to action by the downing of the Malaysian airliner, the European Union approved dramatically tougher economic sanctions Tuesday against Russia, including an arms embargo and restrictions on state-owned banks. Obama and U.S. allies also warned that Russia was building up troops and weaponry along its border with Ukraine.
GAZA/ JERUSALEM, July 29- Israel's military pounded targets in the Gaza Strip on Tuesday after Prime Minister Benjamin Netanyahu said his country should prepare for a long conflict in the Palestinian enclave, squashing any hopes of a swift end to 22 days of fighting. Gaza residents reported heavy Israeli bombing in Gaza City.
Philip C. Wilcox, President of the Foundation for Middle East Peace, says the U.S. and United Nations are seeing a decline in influence in the Middle East.
Israeli leaders have been mulling whether to expand the assault against Hamas in Gaza, or respond to international calls for a truce.
The world’s negative perception of Nigeria is a “tragedy”, a senior political official from the country told CNBC.
UNITED NATIONS— The U.N. Security Council strongly condemned any sale of oil from Syria or Iraq by terrorist groups and reminded all countries that buying the illegally obtained oil violates U.N. sanctions.
Ukrainian troops have stepped up their push to win back territory from pro-Russian separatists in the area.
Israel says it will only fire if attacked, reports NBC's Martin Fletcher, with the latest details on the fighting in Gaza as diplomatic tension flares.
Israeli jets struck three sites in Gaza after a rocket was launched at Israel, the military said, disrupting a relative lull in the war-torn territory.
Willis Sparks, Eurasia Group, provides insight on the range of economic tools at Russia's disposal.
TOKYO— Japan is imposing more sanctions against Russia over its support for pro- Moscow rebels in Ukraine who are accused of shooting down a Malaysian jet, the chief government spokesman said Monday.
Kathy Lien, BK Asset Management, shares her thoughts on market risks and Fed policy.
It's becoming increasingly more difficult for investigators to reach the crash site of the downed Malaysian airliner, reports NBC's Keir Simmons.