US Sanctions More Russian Officials, 'Crony Bank'

By Scott Flaherty (March 20, 2014, 3:38 PM EDT) -- The White House announced new sanctions Thursday targeting members of the Russian government and its inner circle, as well as a "crony bank" connected to Russian President Vladimir Putin, the latest response to Russia's military incursion into Ukraine's Crimea and attempts to annex the region.

President Barack Obama announced that a slew of Russian officials and members of the Russian government's inner circle would have their assets frozen under an executive order he had signed on Monday. The Obama administration also designated Bank Rossiya, the personal bank for many Russian officials and members of Putin's inner circle, a move that would...

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