Image: US President Barack Obama visits the Philippines
EPA

TODAY   |  April 28, 2014

President Obama announces new sanctions on Russia

As he wrapped up a week-long tour of Asia, President Obama announced on Monday morning tough new sanctions on Russia over the Ukraine crisis. NBC White House correspondent Peter Alexander reports.

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>>> let's get the other headlines from willie who's in for natalie. some big news coming from the president's overseas tour.

>> good morning, everyone. president obama announcing tough new sanctions in russia over the crisis in ukraine. nbc's peter alexander is in manila, philippines, where the president is wrapping up a week-long tour of asia.

>> reporter: those new sanctions will target vladimir putin 's billionaire cronies and russian companies in what president obama described as a calibrated effort to change russia's behavior. president obama was welcomed here in the philippines today, the fourth and final stop in his weeklong asia tour. but it's the crisis in ukraine that keeps demanding the president's attention.

>> we are keeping in reserve additional steps should the situation escalate further.

>> reporter: in this region, officials signed a ten-year agreement to preposition fighter jeopardies, ships and american troops at philippine bases. two decade after the u.s. controlled bases here were forced to shut down. after visiting troops here tomorrow, president obama will head back to washington. willie?

>> all right, peter alexander in manila this morning.