President Obama announced an expanded list of sanctions against Russia, senior officials, a bank, and other “key sectors” because of the country’s actions in Ukraine’s Crimean region. He said the sanctions were not the preferred outcome, because it could have a negative impact on both the Russian and global economies.
The president also said the Congress needs to pass an aid package for Ukraine as quickly as possible.
“Expressions of support are not enough,” he said on the South Lawn. “We need action.”