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| Ukraine crisis: US strengthens sanctions on Russia | Ukraine crisis: US strengthens sanctions on Russia |
| (35 minutes later) | |
| The US government has imposed new sanctions on major Russian banks, defence and energy firms over Russia's support for separatists in Ukraine. | The US government has imposed new sanctions on major Russian banks, defence and energy firms over Russia's support for separatists in Ukraine. |
| The US penalties came hours after the EU strengthened its economic sanctions against Russia. | The US penalties came hours after the EU strengthened its economic sanctions against Russia. |
| US citizens are now prohibited from providing loans of longer than 30 days to Sberbank, Russia's biggest bank. | US citizens are now prohibited from providing loans of longer than 30 days to Sberbank, Russia's biggest bank. |
| US sanctions will also affect Rostec, a major technology and defence firm, and technology for Russia's oil industry. | US sanctions will also affect Rostec, a major technology and defence firm, and technology for Russia's oil industry. |
| The sanctions come despite a fragile ceasefire between Ukraine and pro-Russian separatists, who have made big recent gains in eastern Ukraine. | |
| Both the EU and US say the sanctions can be eased if progress is made on the ground towards peace. | |
| "Given Russia's direct military intervention and blatant efforts to destabilise Ukraine, we have deepened our sanctions against Russia today, in concert with our European allies," said US Treasury Secretary Jacob Lew. | |
| "These steps underscore the continued resolve of the international community against Russia's aggression." |