MANILA, Philippines – The White House says the United States is sanctioning seven Russian government officials and 17 companies with links to Russian President Vladimir Putin's inner circle.
The White House says the penalties are being levied because Russia has failed to live up to commitments it agreed to under an international accord aimed at deescalating the crisis in Ukraine. And the White House says it is prepared to "impose still greater costs" if Russia continues its provocations in Ukraine.
In addition to the sanctions, the U.S. is revoking export licenses for high-technology items that it says could contribute to Russia's military capabilities.
The White House announced the sanctions while President Barack Obama is traveling in Asia.