The U.S. is looking to minimize the global harm from further penalties on Russia over Ukraine, as the International Monetary Fund moves forward with a multibillion-dollar lifeline to the government in Kiev.

President Barack Obama said that Russia’s military, energy and finance industries are possible targets if it moves deeper in Ukraine. While additional sanctions would inevitably also affect the economies of the U.S. and Europe, Obama said, the goal is to limit the collateral damage.

Read more:http://www.bloomberg.com/news/2014-03-28/obama-envisions-russia-sanctions-limiting-global-impact.html