WASHINGTON, July 30 (RIA Novosti) – The United States could impose sanctions on derivatives trading and short-term loans with Russian companies if Moscow doesn’t change its stance on the crisis in Ukraine, Bloomberg reported Thursday citing a Treasury Department official.
Financing and derivatives could be limited if “tougher penalties are necessary,” the official said, according to the news agency.
On Tuesday, the United States as well as the European Union announced new rounds of sanctions against Russia over Ukraine. Washington introduced sanctions on three more Russian banks, namely VTB, the country's second-largest bank, the Bank of Moscow and Russian Agricultural Bank, as well as state-owned United Shipbuilding Corporation.
On Wednesday, the Group of Seven (G7) said it is ready to introduce new restrictive measures against Russia, again accusing Moscow of destabilizing the situation in Ukraine.
Russia has repeatedly denied accusations that it is supplying the eastern Ukrainian militias with arms and called the "language of sanctions" counterproductive. The Russian Foreign Ministry said the US pressure of sanctions is intended only to take revenge for Moscow’s independent policies, which are not convenient for Washington.
