By Timothy Cama - 06/25/14 09:38 AM EDT
The Obama administration is preparing sanctions for specific sectors of Russia’s economy, including energy and technology, Bloomberg News reported.
The sanctions will come as part of the United States’ efforts to punish Russia for its aggression against Ukraine, Bloomberg said, citing sources familiar with the plans. The European Union and other U.S. allies may not agree on this round of sanctions, the sources said.
The White House did not respond to Bloomberg’s request for comment on the plans.
The U.S. Chamber of Commerce and the National Association of Manufacturers are planning a major advertising campaign to oppose additional sanctions, Bloomberg reported. Major U.S. companies such as General Electric Co., Boeing Co. and Caterpillar Inc. are some of the leading source of Russian investment and could suffer from the sanctions.