Ukraine worries cloud IMF/World Bank meetings

WASHINGTON, D.C.: The United States (US) delivered a stern warning to Russia on Thursday (Friday in Manila) at the World Bank/IMF meetings in Washington amid worries that a spiralling Ukraine crisis could hurt the world economy.

Treasury Secretary Jacob Lew told his Russian counterpart Finance Minister Anton Siluanov that in addition to the actions following last month’s annexation of Crimea, “the United States is prepared to impose additional significant sanctions on Russia if it continues to escalate the situation in Ukraine,” the Treasury said.