The United States will impose broad sanctions against Russia’s economy if Moscow launches a military intervention in Ukraine, White House Press Secretary Jay Carney announced on Monday, RIA Novosti reports.
“The United States, working closely with its partners, remains prepared to impose still greater costs on Russia if the Russian leadership continues these provocations instead of de-escalating the situation, consistent with its Geneva commitments,” RIA Novosti quotes Carney as saying.
“The executive order signed by the president on March 20, 2014, authorizes the Secretary of the Treasury to impose sanctions on individuals and entities operating in key sectors of the Russian economy, such as financial services, energy, metals and mining, engineering, and defense. If there is further Russian military intervention in Ukraine, we are prepared to sanction entities under this authority,” Carney also said.
Earlier on Monday, the United States introduced a new set of sanctions against seven Russians and 17 Russian companies.
