Sanctions to cut Russia from key technologies if Ukraine situation escalates - US Treasury - TASS

Western sanctions that could be imposed in the event of hypothetical Russian invasion of Ukraine would cut off Russia from key technologies, US Deputy Treasury Secretary Adewale Adeyemo said on CBS television on Sunday.

"We have designed a set of economic sanctions that would take on the Russian financial system <...> by cutting them off from key technologies," he said. "We would see Russia's economy suffer if they were to take an action to invade Ukraine."

Adeyemo said the potential restrictions would be "far more significant" than they were in 2014. Russia’s moving closer to China won’t help it to mitigate the consequences of the sanctions, the official said.