U.S. Secretary of the Treasury Steven Mnuchin has announced that more U.S. sanctions against Russia will be put on place soon.

"Mnuchin on Russia sanctions: 'You can expect sanctions will be coming in the next 30 days. We are enforcing all the existing sanctions and putting more on place,''' Saleha Mohsin, the Bloomberg News reporter covering the U.S. Treasury, wrote on Twitter on February 27.

In response to the annexation of Crimea by the Russian Federation, some governments and international organizations, led by the United States and the European Union, imposed sanctions on Russian individuals and businesses.

As UNIAN reported earlier, the foreign ministers of EU member states, in turn, will consider the issue of prolonging their diplomatic measures against Russia on March 12.

The EU has progressively imposed restrictive measures against Russia since March 2014. The measures were adopted in response to the illegal annexation of Crimea and the deliberate destabilization of Ukraine. The EU imposes different types of restrictive measures: diplomatic measures, individual restrictive measures (asset freeze and travel restrictions), restrictions on economic relations with Crimea and Sevastopol, economic sanctions, restrictions on economic cooperation.