US warns of more sanctions coming against Russia

A senior Treasury official today warned that the United States has more economic sanctions on Russia in the pipeline, after the US blacklisted two Russian companies for trading with North Korea.

"Absolutely ... You will continue without a doubt to see more from this administration," Sigal Mandelker, US Treasury Under Secretary for Terrorism and Financial Intelligence told a Senate hearing when asked if more sanctions were forthcoming.

"We have imposed major costs on Russia," she told the Senate Banking Committee.

"We believe its adventurism undoubtedly has been checked by the knowledge that we can bring much more economic pain to bear using our authorities -- and that we will not hesitate to do so if its conduct does not demonstrably and significantly change."