Obama Administration Sanctions Russia's Largest BankThe Obama administration is sanctioning Russia's largest bank as part of a new round of financial penalties aimed at punishing Moscow for its support of separatists in Ukraine.
Senators Call For Tighter Sanctions On RussiaTwo members of the Senate Foreign Relations Committee called Sunday for beefing up western sanctions against Russia to include its petrochemical and banking industries and warned that Moscow thus far has ignored United States and European efforts to persuade it to back off its confrontation with Ukraine.
Congress Backs Bill To Fund Cash-Strapped UkraineCongress is close to sending President Barack Obama a bill to give $1 billion in loan guarantees to cash-strapped Ukraine and provide the administration broad authority to levy more sanctions on Russia for its annexation of Crimea.
Kerry: U.S. Will 'Go to the Hilt' to Punish Russian 'Act of Aggression'Western powers are prepared "to go to the hilt" to isolate Russia for its military incursion into Ukraine, "an incredible act of aggression" that may lead to visa bans, asset freezes, trade and investment penalties, and a boycott of a Russian-hosted economic summit of global powers in June, Secretary of State John Kerry said Sunday.

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