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Obama says the sanctions will hit the key sectors of the economy including energy, arms and finance. European Union Leaders agreed to broader penalties. They will stop stateowned banks from racing funds on european markets, they will prevent Russian Oil Companies from getting ahold of some technology. They had frozen the assets of putins aides and other officials. Israeli forces have pounded dozens of targets in a renewed offensive in the gaza strip. Palestinian Authorities Say more than 100 People Killed tuesday alone. The latest attacks destroyed houses in the east and south. United nations Officials Say more than 200,000 palestinians have fled their homes. Israeli tank shells hit gazas only power plant cutting out power through most of the territory. Diplomats are having trouble reaching a the deal for the cease fire. They will not lift restrictions until the militants stop firing rockets at israel. Demilitarization is crucial, because we dont want to have a conflict today in gaza a

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