Ukraine crisis: US to impose sanctions on Putin and Lavrov

Washington, TGO: The United States said Friday it would impose sanctions on Russian President Vladimir Putin and Foreign Minister Sergei Lavrov, following similar announcements by Britain and the European Union in the wake of Moscow’s attack on Ukraine.

White House press secretary Jen Psaki said that a travel ban would be part of the sanctions.

Following the spate of measures, Russian foreign ministry spokeswoman Maria Zakharova said on Russian television that “we have reached the line after which the point of no return begins.”

The United States’ new measures come in addition to those it already announced, including a tranche of sanctions that will hit four Russian banks, cut off more than half of Russia’s technology imports, and target several of the country’s oligarchs.

White House press secretary Jen Psaki additionally announced Friday on Twitter that sanctions would be imposed on the Russian Direct Investment Fund, the country’s sovereign wealth fund.

Meanwhile in Brussels, the EU’s sanctions package the second adopted this week as Russia’s military build-up moved into a full-on assault was approved by leaders in an overnight summit.

It hammers Russia’s financial, energy and transport sectors, and curbs the ability of Russians to keep large amounts of cash in EU banks.

It also expands the number of Russians on the EU’s list of sanctioned individuals barred from entry and whose EU assets are blocked.

Following suit, Britain’s Treasury issued a financial sanctions notice against Putin and Lavrov, adding them to a list of Russian oligarchs who have already had their property and bank accounts in Britain frozen.