NATO SUMMIT NEWS SNIPPETS: ‘ President Obama Readying New Round of Sanctions Against Russia ‘

#AceBreakingNews – UNITED STATES (Washington) – September 05 – The United States and its allies are readying another round of sanctions against Russia.

"Today the United States and Europe are finalizing measures to deepen and broaden our sanctions across Russia’s financial, energy, and defense sectors," President Barack Obama said at a Friday press conference in Wales.

Obama said that the U.S. and its NATO allies will likely go ahead with new sanctions as planned despite the announcement of a cease-fire in Ukraine.

The president said that "we are hopeful, but based on past experience also skeptical" that the cease-fire agreement would hold. Obama also emphasized that the current cessation of hostilities is because of current Western sanctions on Russia, and the threat of more.