[HIGHLIGHTS] USA plans sanctions against 500 targets in Russia – and proceedings against oligarchs

U.S. and EU impose new sanctions against Russia.

The measures are in response to Russia's annexation of Crimea. The sanctions are expected to last until the end of the year. They are intended to make it harder for Russia to buy arms from the West. They also aim to stop the flow of money to Russia. They will also target Russia's use of state-owned banks to fund its military operations in the Middle East, Africa and the Asia region. The U.S.-led sanctions are aimed at Russia's refusal to give up control of Crimea to the EU and other countries.