Treasury official said on Wednesday that the U.S. The official added that if the Russian government takes steps to decrease tensions in Ukraine, then Western countries could soften sanctions. The United States and European countries have imposed sanctions on Russia over its annexation of Crimea in March and its role in subsequent fighting in eastern Ukraine. The sanctions have drastically limited access to Western banking money and modern oil technology, which is hurting Russia's economy as it relies on energy for half of its budget revenue.
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