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World

New US sanctions target Russian officials and companies with links to Putin

Associated Press
Published | Updated
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    U.S. President Barack Obama, along with Philippines President Benigno Aquino III, speaks at a joint news conference at Malacanang Palace in Manila, the Philippines, Monday, April 28, 2014. President Obama said a 10-year agreement signed Monday to give the U.S military greater access to Philippine bases will help promote regional security, improve armed forces training and shorten response times to humanitarian crises, including natural disasters. (AP Photo/Charles Dharapak) (The Associated Press)

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    U.S. President Barack Obama looks towards Press Secretary Jay Carney during a joint news conference with Philippines President Benigno Aquino III at Malacanang Palace in Manila, the Philippines, Monday, April 28, 2014. President Obama said a 10-year agreement signed Monday to give the U.S military greater access to Philippine bases will help promote regional security, improve armed forces training and shorten response times to humanitarian crises, including natural disasters. (AP Photo/Charles Dharapak) (The Associated Press)

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    U.S. President Barack Obama and Philippines President Benigno Aquino III speak at a joint news conference at Malacanang Palace in Manila, the Philippines, Monday, April 28, 2014. President Obama said a 10-year agreement signed Monday to give the U.S military greater access to Philippine bases will help promote regional security, improve armed forces training and shorten response times to humanitarian crises, including natural disasters. (AP Photo/Charles Dharapak) (The Associated Press)

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.