Via Bloomberg News:
President Barack Obama today imposed sanctions on seven top Russian government officials and four others from Ukraine and warned Russia will face more penalties if it doesn’t pull back from Crimea.
“Continued Russian military intervention in Ukraine will only deepen Russia’s diplomatic isolation and exact a greater toll on the Russian economy,” Obama said at the White House. The U.S. can “calibrate our response” based on whether Russia chooses “to escalate or to de-escalate the situation.”
The U.S. actions, which mark the broadest use of sanctions on Russia since the end of the Cold War, were made in concert with the 28-member European Union, which imposed its own set of penalties. The U.S. also included a ban on travel visas.
Obama left the door open for diplomacy, saying Russia must pull its forces back to their bases in Crimea, accept international monitors and open discussions with the government in Kiev.