On Thursday, September 11, 2014, the White House released a statement that the US Government intends to increase US sanctions targeting Russia in conjunction with similar plans announced by the European Union. The statement does not provide details about the planned increased US sanctions beyond saying that the US Government “will deepen and broaden sanctions in Russia’s financial, energy, and defense sectors. These measures will increase Russia’s political isolation as well as the economic costs to Russia, especially in areas of importance to President Putin and those close to him.” The statement says that the “specifics” of the new sanctions will be announced on Friday, September 12, 2014.