US looking at broad range of Russia sanctions

2014-03-03 21:59
A Russian warship in Sevastopol harbour. (Filippo Monteforte, AFP)

A Russian warship in Sevastopol harbour. (Filippo Monteforte, AFP)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Washington - Washington is looking at a "broad range of options" for sanctions it could impose on Russia unless it defuses tensions in Ukraine, a senior US official said on Monday.

"This is a step we are very prepared to move forward on," state department spokesperson Jen Psaki said, warning that the US administration is already examining sanctions on Russian individuals and institutions.

"I would say that the steps that we are taking are having an impact," she said, pointing as an example to an announcement from the G8, which symbolically called itself the G7, that it would skip preparatory meetings this week for a summit in Russia in June.

"If you look at the sharp decline of the Russian ruble, if you look at the Russian stock market today, those are just two examples," she said.

Psaki said there was no time-frame as yet for when the United States could impose sanctions, but added "we're looking at a broad range of options, whether that's individuals, whether that's institutions, whether that's officials, those are all under consideration".

Washington was working "in lockstep" with its European allies on the question of imposing sanctions on Moscow, as Russia appeared to tighten its grip on Ukraine's southern Crimea peninsula.

"We work closely with them as we look to take steps, whether that's sanctions, whether that's economic assistance, whether that's efforts to support the IMF, whether that's efforts to hold others accountable," Psaki told reporters on a phone conference call.

"We will keep them informed of what we're considering," she said.

US Secretary of State John Kerry said on Sunday that sanctions could be considered to try to rein in Russia's military intervention in Crimea.

And he further warned that Russia could be stripped of its membership of the prestigious Group of Eight most industrialised nations, saying its actions were incompatible with G8 principles.

Read more on:    john kerry  |  russia  |  ukraine  |  us
NEXT ON NEWS24X

SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
27 comments
Add your comment
Comment 0 characters remaining

Inside News24

 
/News
 

Top 10 richest musicians of all time

Check out the gallery to find out who they are!

 
 

Luxury living

Seven of the most expensive children's toys ever made
5 millionaires turned murderers
The youngest billionaires in the world and how they made it
Watch: Flying first class has never been this luxurious!
Horoscopes
Aquarius
Aquarius

You are active, busy and on a mission today. There may be a special person you wish to entertain and may put in the extra effort...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.