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June 25, 2014 AT 7:42 AM
U.S. Secretary of State John Kerry said on Wednesday that the United States is working with its European partners to prepare a new round of sanctions against Russia in case they are necessary. Kerry said "We are not announcing a new round of sanctions today but we are going to continue to take steps to prepare in the event that the circumstances on the ground warrant those sanctions. So, we are coordinating with our European partners in order to prepare for that."