US sanctions target key Russia economic sectors

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US sanctions target key Russia economic sectors
Russian military band members dressed in Russian World War I military uniforms march through a fog in memory of the 100th anniversary of its beginning during the closing ceremony of "Spasskaya Tower" International Military Orchestra Music Festival at the Red Square in Moscow, Russia, Sunday, Sept. 7, 2014. (AP Photo/Alexander Zemlianichenko)
A Pro-Russian rebel gestures to his comrade as he stands next to the devastation after the bombing of a local mine on the front line in the town of Donetsk, eastern Ukraine, Thursday, Sept. 11, 2014. Two volleys of rocket fire rang out in Ukraine's eastern, rebel-held city of Donetsk, underscoring the difficulties of enforcing a cease-fire almost a week after it was signed. The city council of Donetsk confirmed in a statement Thursday there had been multiple explosions during the morning, but reported no casualties. ( AP Photo/Sergei Grits)
A Pro-Russian rebel secures territory after the bombing of a local mine on the front line in the town of Donetsk, eastern Ukraine, Thursday, Sept. 11, 2014. Two volleys of rocket fire rang out in Ukraine's eastern, rebel-held city of Donetsk, underscoring the difficulties of enforcing a cease-fire almost a week after it was signed. The city council of Donetsk confirmed in a statement Thursday there had been multiple explosions during the morning, but reported no casualties. (AP Photo/Sergei Grits)
Pro-Russian rebels sit in their car with a heavy machine gun in Donetsk, eastern Ukraine, Sunday, Sept. 7, 2014. Strong explosions were heard early Sunday on the outskirts of the main rebel-held city in eastern Ukraine near the airport, raising new fears that a cease-fire signed two days ago is on the verge of collapse. Blasts powerful enough to be heard in downtown Donetsk came from the area near the airport, which has been under the control of government troops since May and has come under unremitting attacks from pro-Russia separatist rebels since then. (AP Photo/Sergei Grits)
A Pro-Russian rebel stands next to his car with a heavy machine gun in Donetsk, eastern Ukraine, Sunday, Sept. 7, 2014. Strong explosions were heard early Sunday on the outskirts of the main rebel-held city in eastern Ukraine near the airport, raising new fears that a cease-fire signed two days ago is on the verge of collapse. Blasts powerful enough to be heard in downtown Donetsk came from the area near the airport, which has been under the control of government troops since May and has come under unremitting attacks from pro-Russia separatist rebels since then. (AP Photo/Sergei Grits)
Unmarked Military vehicles burn on a country road in the village of Berezove, eastern Ukraine, Thursday, Sept. 4, 2014, after a clash between pro-government troops and Russian-backed separatist militia. Separatist rebels have made major strides in their offensive against Ukrainian government forces in recent days, drawing on what Ukraine and NATO says is ample support from the Russian military. (AP Photo/Sergei Grits)
Pro-Russian rebels ride on a tank near the village of Berezove, eastern Ukraine, Thursday, Sept. 4, 2014, after a clash between pro-government troops and Russian-backed separatist militia. Separatist rebels have made major strides in their offensive against Ukrainian government forces in recent days, drawing on what Ukraine and NATO says is ample support from the Russian military. (AP Photo/Sergei Grits)
A Pro-Russian rebel shows his tattoo and a wooden Orthodox cross on his chest in the rebel-held town of Starobesheve, eastern Ukraine, Tuesday, Sept. 2, 2014. Ukrainian troops have over the past week suffered a string of major military losses in their offensive against Russian-backed separatist rebels, losing large swathes of territory and having hundreds of soldiers captured. (AP Photo/Sergei Grits)
A Pro-Russian rebel guards a cell where captured Ukrainian soldiers are held in the rebel-held town of Starobesheve, eastern Ukraine, Tuesday, Sept. 2, 2014. Ukrainian troops have over the past week suffered a string of major military losses in their offensive against Russian-backed separatist rebels, losing large swathes of territory and having hundreds of soldiers captured. (AP Photo/Sergei Grits)
Pro-Russian rebels take the ammo from a local resident who found them in his backyard in the village of Hrabske, eastern Ukraine, Sunday, Aug. 31, 2014. The fight for Ilovaisk and surrounding areas, including the village of Hrabske, between Ukrainian government troops and pro-Russian separatist fighters was bitter and lasted the best part of a month. (AP Photo/Sergei Grits)
Pro-Russian rebels prepare arms for the the assault on the positions of Ukrainian army in Donetsk airport, eastern Ukraine, Sunday, Aug. 31, 2014. Russian President Vladimir Putin on Sunday called on Ukraine to immediately start talks on a political solution to the crisis in eastern Ukraine. Hours later, Ukraine said a border guard vessel operating in the Azov Sea was attacked by land-based forces. (AP Photo/Mstislav Chernov)
Ukrainian troops sitting in a truck outside the village of Starobesheve, on Saturday, Aug. 30, 2014, after fleeing from the town of Ilovaisk, which was encircled by Russian-backed rebels over a number of days. Ukrainian government forces have succumbed to a sequence of military failures and seen their holdings in the conflict-ridden east shrink in recent days as Russian-backed rebels continue their fast-paced offensive. (AP Photo/Sergei Grits)
People walk along the Red Square in central Moscow on September 12, 2014. Russia's parliamentary speaker on Friday denounced new US sanctions against Moscow as 'disconnected from reality', and charged the Ukraine crisis was an excuse for Washington to drum up tensions with its Cold War-era foe.AFP PHOTO / KIRILL KUDRYAVTSEV (Photo credit should read KIRILL KUDRYAVTSEV/AFP/Getty Images)
An armed pro-Russian militant stands guard in front the destroyed Luhansk International Airport, eastern Ukraine, on September 11, 2014. Pro-Russian separatists took control of the airport on September 1, 2014 after heavy fights with the Ukrainian army. Moscow has drawn up new anti-Western sanctions targeting imports of consumer goods and second-hand cars, President Vladimir Putin's economic aide said on September 11, as the EU agreed to slap new punitive measures on Russia. The new EU sanctions came as fighting in eastern Ukraine rumbles on despite a ceasefire agreed between Ukraine and separatists last week. AFP PHOTO / PHILIPPE DESMAZES (Photo credit should read PHILIPPE DESMAZES/AFP/Getty Images)
Armed pro-Russian militants walk in front the destroyed Luhansk International Airport, eastern Ukraine, on September 11, 2014. Pro-Russian separatists took control of the airport on September 1, 2014 after heavy fights with the Ukrainian army. Moscow has drawn up new anti-Western sanctions targeting imports of consumer goods and second-hand cars, President Vladimir Putin's economic aide said on September 11, as the EU agreed to slap new punitive measures on Russia. The new EU sanctions came as fighting in eastern Ukraine rumbles on despite a ceasefire agreed between Ukraine and separatists last week. AFP PHOTO / PHILIPPE DESMAZES (Photo credit should read PHILIPPE DESMAZES/AFP/Getty Images)
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By JULIE PACE

WASHINGTON (AP) - The United States hit Russia Friday with a new round of economic sanctions, levying penalties on Russia's largest bank and expanding financing restrictions on major energy and defense companies.

The sanctions were imposed in coordination with the European Union, which unveiled its own package of penalties hours earlier. Officials said the parallel penalties are aimed at punishing Russia for deepening its provocations in Ukraine, including sending forces and weaponry across the border.

The penalties were levied despite a fragile cease-fire between Ukraine and pro-Russian separatists. However, officials said the sanctions could be rolled back if the separatists and Russia implement the agreement in good faith.

A prime target of the new sanctions is Sberbank of Russia, the country's largest financial institution. The bank accounts for approximately a quarter of Russian banking assets and a third of its banking capital, according to the Obama administration.






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