New US Sanctions On Russian Officials, Companies

U.S. President Barack Obama attends the opening session of the Nuclear Summit in The Hague, the Netherlands, on Monday, March 24, 2014. President Barack Obama gathered with world leaders in a day of delicate diplomac... U.S. President Barack Obama attends the opening session of the Nuclear Summit in The Hague, the Netherlands, on Monday, March 24, 2014. President Barack Obama gathered with world leaders in a day of delicate diplomacy, as he sought to rally the international community Monday around efforts to isolate Russia following its incursion into Ukraine. Nuclear terrorism was the official topic as Obama and other world leaders streamed in to a convention center in The Hague for a two-day nuclear summit. But the real focus was on a hurriedly scheduled meeting of the Group of Seven industrialized economies to address the crisis in Ukraine on the sidelines of the nuclear summit. (AP Photo/Sean Gallup, POOL) MORE LESS

MANILA, Philippines (AP) — The White House says the United States is sanctioning seven Russian government officials and 17 companies with links to Russian President Vladimir Putin’s inner circle.

The White House says the penalties are being levied because Russia has failed to live up to commitments it agreed to under an international accord aimed at deescalating the crisis in Ukraine. And the White House says it is prepared to “impose still greater costs” if Russia continues its provocations in Ukraine.

In addition to the sanctions, the U.S. is revoking export licenses for high-technology items that it says could contribute to Russia’s military capabilities.

The White House announced the sanctions while President Barack Obama is traveling in Asia.

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