US President Barack Obama has authorized sanctions against individuals and entities operating in Crimean peninsula, according to the White House statement, RT reported.
Obama has issued an executive order that "prohibits the export of goods, technology, or services to Crimea and prohibits the import of goods, technology, or services from Crimea, as well as new investments in Crimea," according to the statement.
The executive order also authorizes the Secretary of the Treasury to impose sanctions on "individuals and entities operating in Crimea."