BREAKING NEWS

US plans to impose new sanctions on Russia this week

By REUTERS

APRIL 28, 2014 07:04

WASHINGTON - The United States plans to slap new sanctions on Russia this week that the White House says will target people and companies inside President Vladimir Putin's "inner circle."

Washington also plans to impose new restrictions on high-tech exports to Russia's defense industry in a move aimed at punishing Moscow for not living up to an agreement to defuse the situation in eastern Ukraine, where armed pro-Russian separatists seized about a dozen government buildings.

The leaders of the Group of Seven (G7) major economies agreed on Saturday to swiftly impose further sanctions on Russia over the Ukraine crisis. The United States and European Union previously imposed limited sanctions on Russian officials over Moscow's annexation of Crimea.

Washington could announce its new list of sanctions as early as Monday, senior US officials have said.

The White House said previously that "cronies" of Putin and the companies they control would be targeted with sanctions.

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