Putin pushed into a corner – Obama orders ban on trade with Crimea

The annexation of Crimea by Vladimir Putin in the month of March has forced world leaders to impose bans on it and people and agencies who have dealings with it.
After bans were announced by the European Union earlier this week and which have come into effect on Saturday, Canada announced its own sanction on Friday and US President Barack Obama has also added to the list by ordering ban on the export of goods, technology and services to Crimea.
Moreover, the executive order also imposes new sanctions on Russian and Ukrainian individuals and companies and, as indicated by President Obama, the move was proof that the US would never accept Russia's annexation of Crimea.
In addition to the ban on goods, technology and services, US individuals or companies cannot now buy any real estate or businesses in Crimea or make funds available to Crimean firms.
As far as the EU is concerned, it has banned investment in Crimea along with participation in Russian oil and gas exploration in the Black Sea. European cruise ships will also not be able to visit the ports in the peninsula.
Following the annexation of the peninsula, pro-Russian separatists had taken control of parts of the Donetsk and Luhansk regions of eastern Ukraine in April, and later declared independence. On a rough estimate, nearly 4,700 people have died and another million have been displaced by these fighting and clashes in recent months.