Event:
The U.S. adds new sanctions against Russia, prohibiting certain Russian international businesses from accessing U.S. capital markets; the move extends previous sanctions targeting specific individuals and their companies
More Notable Events on July 16:
1994 Comet Shoemaker-Levy collides with Jupiter
1980 Ronald Reagan nominated for President by Republicans in Detroit
1926 National Geographic takes 1st natural-color undersea photos
1920 China joins the League of Nations
1790 Congress establishes District of Columbia
