"Today, Russia is once again isolating itself from the international community, setting back decades of genuine process," Obama said from the South Lawn of the White House, later adding, "it does not have to be this way. This is a choice that Russia and President Putin in particular have made."
"Russia is once again isolating itself from the international community," Obama said, claiming that the U.S. sanctions will have an "even bigger bite" thanks to action by the Europeans.
Among the sanctions, according to the Treasury Department, are U.S. penalties that target the Bank of Moscow, the Russian Agricultural Bank and VTB Bank. Also listed on the Treasury designation is the United Shipbuilding Corp., which is based in St. Petersburg, Russia.