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U.S. President Barack Obama and German Chancellor Angela Merkel have given a joint press conference in the White House.
The expanded list includes seven new individuals and 17 Russian companies, Gazeta.ru reports referring to Bloomberg.
Rosneft CEO Igor Sechin will also be affected by the sanctions.
Russia is not fulfilling the Geneva agreements to resolve the crisis in Ukraine, US President Barack Obama says.
It has already been approved by both chambers of the Congress.
Russian President Vladimir Putin tells German Chancellor Angela Merkel on the phone that he ordered to withdraw troops from the border with Ukraine.
President of the European Council Herman Van Rompuy has explained the coordinated actions of the EU and USA targeted against Russia.
The G7 meeting has been initiated by U.S. President Barack Obama. A joint response to the events in Crimea will be discussed there.
The Russian stock market has collapsed today, on March 21, the agency Prime reports.
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