The Russian bank being targeted - for supporting government officials - is Bank Rossiya, the US Treasury said.
Among the 20 individuals facing sanctions are members of Russian President Vladimir Putin's inner circle.
They include his chief of staff Sergei Ivanov and wealthy businessmen Arkady Rotenberg and Gennady Timchenko.
Those targeted will be unable to make transactions in
dollars, will have any assets in the US frozen and will be barred from
doing business in the US.
The Ukrainian corvette Khmelnitsky was among those seized by pro-Russian forces on Thursday
The Khmelnitsky is anchored in the Crimean port of Sevastopol
European Union leaders meeting in Brussels also said they would
expand the number of Russians facing sanctions, and said a summit with
Russia planned for June would not go ahead.
German Chancellor Angela Merkel told the German parliament
that the EU would be ready to impose economic sanctions against Russia
if there were a further escalation in Russia's involvement in Ukraine.
EU leaders including Angela Merkel (centre) are in Brussels for talks on the Ukraine crisis
Mrs Merkel told reporters in Brussels that she was optimistic
that EU nations would be able to present a unified voice on the Crimea
crisis.
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