This first step of sanctions, announced by the Secretary of State John Kerry into a meeting with Russian Foreign Minister Sergey Lavrov in Rome may be followed by extending measures if the situation will deteriorate, communicated the White House. “We call on Russia to take the opportunity before it to resolve this crisis through direct and immediate dialogue with the Government of Ukraine” it was said in the statement.
The visa bans are operating immediately. The separatist movement in Crimea and the actions of Russia against Ukraine will be targeted with financial penalties too. The people from US will also be prohibited from doing business with those who have been sanctioned.
Another series of sanctions against Russia will be adopted by the European Union upon its own plan being adopted this week. The EU described the Russian seizure of Crimea as “an act of aggression” and will treat it in consequence. However, the interests of some important European countries can be at the same time affected by a Russian reaction, having economic importance.