(BN) Obama Expands Sanctions on Russian Officials to Press Putin (3) This has been prepared solely for informational purposes. It is not an offer, recommendation or solicitation to buy or sell, nor is it an official confirmation of terms. It is based on information generally available to the public from sources believed to be reliable. No representation is made that it is accurate or complete or that any returns indicated will be achieved. changes to assumptions may have a material impact on any returns detailed. Past performance is not indicative of future returns. Price and availability are subject to change without notice. Additional information is available upon request. Obama Expands sanctions on Russian officials to Press Putin (3) 2014-03-20 21:03:23.138 GMT (updates with market reaction, lawyer's comment, Nagel call to Russian defense minister beginning in eighth paragraph. For more on the conflict in ukraine, go to ExT2.) By Roger Runningen and James G. Neuger March 20 (Bloomberg) -- President Barack Obama expanded u.s. financial sanctions to 20 more Russian officials, businessmen and a bank and authorized potential future penalties that would directly target sectors of the Russian economy. "we're imposing sanctions on more senior officials of the Russian government," Obama said on the South Lawn of the white House. "In addition, we are today sanctioning a number of other individuals with substantial resources and influence who provide material support to the Russian leadership, as well as a bank that provides material support to these individuals." with Russia poised to annex Crimea and its troops massing near Ukraine's border to the east and south, the U.S. and the European Union are moving to coordinate ramped up economic pressure on Russian President vladimir Putin and his allies. Obama is set to travel next week to Europe to consult with EU leaders, who were meeting today to work on a unified position. Today's action is