Hear the experts explain the US sanctions on Russia

In the spring of 2014, Russia has just annexed the Crimean Peninsula in Ukraine.

When the fighting breaks out, top diplomat Daniel Fried plays a central role in the US State Department. He is the one assigned to design the diplomatic counter-attack.

And banks, like Swedbank, play a central role in it.

Hear Daniel Fried, the Swedish economic journalist Birgitta Forsberg - and Mark Galeotti, expert on Russian security policy and organized crime - explain the sanctions in the clip above.