The US Treasury Department says a top official is heading to Europe this week to discuss a possible new round of sanctions against Russia.
Under Secretary for Terrorism and Financial Intelligence, David S. Cohen will visit Germany, France and Britain to examine more severe sanctions against Russia in talks with European partners, Reuters reported.
The Treasury has warned that if the situation on the ground worsens in Ukraine, Washington and its allies will consider tougher moves such as targeting entire sectors of the Russian economy.
The US and its European allies have already imposed sanctions on a limited number of Russian individuals and businesses. They accuse Moscow of supporting anti-Kiev protesters in eastern and southern Ukraine. Russia denies the accusation.
A Treasury Department official claimed Monday that an estimated $100 billion in investment may exit Russia this year as the US and its European partners try to hurt the Russian economy through sanctions.
Cohen said the new sanctions could include freezing assets of companies in energy, mining and finance.
Death toll from a military assault on Ukraine’s eastern flashpoint city of Slavyansk passed 30 on Monday, Ukrainian interim Interior Minister Arsen Avakov said Tuesday. Dozens of pro-Russia protesters were also injured during Monday’s military operation, he added.
Despite a fierce government crackdown against protesters, they continue to occupy a number of government and police buildings in several cities. The protesters demand integration into neighboring Russia.
Cohen will also visit Israel for “regular consultations on issues of shared interest,” according to Treasury Department’s media advisory.
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