Russia announces sanctions

August 7, 2014

(AP Photo/RIA Novosti, Dmitry Astakhov, Government Press Service)
Russian Premier Dmitry Medvedev announces sanctions at the Cabinet meeting in Moscow on Thursday, Aug. 7, 2014.

Russia has announced a ban on imports of certain food and agricultural products from Europe, the U.S., Canada, Japan and Australia. The ban is a response to sanctions being imposed by the West on Russia. We'll take a look at how the tit-for-tat sanctions will impact the crisis in Ukraine.