US imposes sanctions on Russian bank in Crimea, individuals
The United States has imposed sanctions on Russia’s largest bank in Crimea and a dozen of Ukrainian and Russian individuals over the crisis in Ukraine.
On Wednesday, the US Treasury Department announced economic sanctions on 14 Ukrainian and Russian nationals and two Russian organizations, including Russian National Commercial Bank in Crimea.
The sanctions freeze assets of the individuals and institutions held on US property and ban American citizens from doing business with them.
Among the individuals sanctioned were three officials of the former Ukraine government of Viktor Yanukovych and former Prime Minister Mykola Yanovych Azarov.
Another Russian organization, the Eurasian Youth Union, was also targeted by the sanctions.
“We continue to work to remain in lock step with our international partners in our efforts to incentivize a diplomatic resolution to the crisis in Ukraine,” the Treasury Department said in a statement.
It called the sanctions "part of an ongoing effort to hold accountable those responsible for violations of Ukraine’s sovereignty and territorial integrity."
The Treasury called the sanctions "part of an ongoing effort to hold accountable those responsible for violations of Ukraine’s sovereignty and territorial integrity."
Adam Szubin, the department’s acting undersecretary for terrorism and financial intelligence, threatened Russia with more sanctions.
"If Russia continues to support destabilizing activity in Ukraine and violate the Minsk agreements and implementation plan, the already substantial costs it faces will continue to rise," he said.
Russia has been targeted by a series of sanctions imposed by the United States and European Union for allegations that Moscow is arming and supporting pro-Russian forces fighting in eastern Ukraine. The Kremlin, however, calls the accusation "groundless”.
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