Ukraine: US announces fresh sanctions against Russia

"The United States has taken further action today in response to Russia’s continued illegal intervention in Ukraine and provocative acts that undermine Ukraine’s democracy and threaten its peace, security, stability, sovereignty, and territorial integrity," the White House said in a statement.

The US on Monday targeted sanctions on a number of Russian individuals and entities and restricting licenses for certain U.S. exports to Russia.

"The Department of the Treasury is imposing sanctions on seven Russian government officials, including two members of President Putin’s inner circle, who will be subject to an asset freeze and a U.S. visa ban, and 17 companies linked to Putin’s inner circle, which will be subject to an asset freeze," read the statement.

" In addition, the Department of Commerce has imposed additional restrictions on 13 of those companies by imposing a license requirement with a presumption of denial for the export, re-export or other foreign transfer of U.S.-origin items to the companies.  Further, today the Departments of Commerce and State have announced a tightened policy to deny export license applications for any high-technology items that could contribute to Russia’s military capabilities.  Those Departments also will revoke any existing export licenses that meet these conditions," it said.