People walk past a window of a ready-made clothes shop in central Moscow on September 12, 2014. AFP PHOTO / KIRILL KUDRYAVTSEV
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The United States hit Russia's top bank and its leading energy and technology companies with sanctions Friday, restricting their access to finance and technology in order to punish Moscow for its continued support for Ukraine's separatist rebels.In its latest round of sanctions, Washington slapped tight controls on business dealings with Sberbank, pipeline giant Transneft and energy firms Lukoil, Gazprom, Gazprom Neft and Surgutneftgas.The U.S. sanctions ban American entities from offering anything but short-term financing to Sberbank, Rostec, and two of the energy companies listed, a move that could restrict their business activities and long-term planning.For Gazprom Neft and Transneft, it is 90 days.The sanctions also freeze any U.S.-based assets of the five defense sector companies.
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