US extends sanctions against Russia over Ukraine

US extends sanctions against Russia over Ukraine

Seven Russian individuals, eight entities and two vessels have been added to the US sanctions over the conflict in Ukraine, the US Treasury Department said in a statement.

The Treasury also named 26 subsidiaries of Russian Agricultural Bank and gas producer Novatek, both of which had already been sanctioned in 2014. The American sanctions on those firms are relatively narrow, prohibiting the US citizens from dealing in certain kinds of debt with the companies, RT reports citing Reuters.

"Today's action is in response to Russia's unlawful occupation of Crimea and continued aggression in Ukraine," John E. Smith, acting director of the Treasury's Office of Foreign Assets Control, said in a statement. "These targeted sanctions aim to maintain pressure on Russia by sustaining the costs of its occupation of Crimea and disrupting the activities of those who support the violence and instability in Ukraine." 

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