Obama: US to Levy New Russia Sanctions Monday

Seeking to ratchet up pressure on Vladimir Putin, President Barack Obama said the United States will levy new sanctions Monday on Russian individuals and companies in retaliation for Moscow’s alleged provocations in Ukraine.

Obama said the targets of the sanctions would include high-technology exports to Russia’s defense industry. The full list of targets will be announced by officials in Washington later Monday and are also expected to include wealthy individuals close to Putin, the Russian president.

White House officials say they decided last week to impose additional penalties after determining that Russia had not lived up to its commitments under a fragile diplomatic accord aimed at easing the crisis in Ukraine.

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