Obama announces more sanctions against Russia

FXStreet (Łódź) - US president Barack Obama said on Thursday that additional Russian officials would come under US sanctions, which would also be broadened to other "key sectors of the Russian economy."

The president suggested that the events in Ukraine were heading towards an escalation with the country's southern and eastern parts under threat of Russian invasion.

"Diplomacy between the U.S. and Russia continues. We've emphasized that Russia still has a different path available," Obama said at the White House. "We want the Ukrainian people to determine their own destiny and to have good relations with the United States, Russia, Europe, with anyone they choose."

Later today Obama will also make a statement on the situation in Ukraine.