Heavier sanctions on Russia could backfire

WASHINGTON (AP) — Underlying talk about taking harsh punitive measures against Russia for its military incursion into Ukraine are economic complications and worries that sanctions levied against Moscow could backfire on the U.S. and Europe.

Lew Says Ukraine’s Leaders Ready to Tackle ‘Market Reforms’

Ukraine is ready to undertake “urgently needed market reforms” to help restore financial stability and strengthen its economy, U.S. Treasury Secretary Jacob J. Lew said today after several conversations with Ukrainian Prime Minister Arseniy Yatsenyuk.