The US will announce new sanctions on Russia Wednesday in coordination with Group of 7 nations and the European Union, according to an administration official.
The official said the sweeping package "will impose significant costs on Russia and send it further down the road of economic, financial, and technological isolation."
The new sanctions package will ban all new investment in Russia, increase sanctions on financial institutions and state-owned enterprises in Russia, and sanction Russian government officials and their family members, CNN reported.
