You're reading: Cohen says US may increase sanctions against Russia over Ukraine

Washington - Washington is prepared to increase sanctions against Russia for its role in destabilizing eastern Ukraine, the Bloomberg agency quotes U.S. Under Secretary for Terrorism and Financial Intelligence, David Cohen. 

“We are prepared to maintain this pressure – and increase it if necessary –
until Russia respects its obligations and calm is restored in Ukraine,” he
said.

Cohen said that “there can be no doubt that the US has created real costs for
Russian firms and for the broader Russian economy – impacts that no leader can
long ignore.”

“One need only glance at the front page of the newspaper to see the effects
our sanctions have had. The companies we have targeted are in a deep hole, and
many of them have had to turn to the Russian state for assistance,” Cohen
commented on the sanctions imposed on Russian businesses.