U.S., EU to Impose New Sanctions on Russia for Ukraine Actions

Russia is expected to face new sanctions Monday for its actions in Ukraine, President Barack Obama told reporters in Manila, Philippines.

"The sanctions build on the ones that were already in place. We're moving forward with expanded list of individuals," he said.

The move, Obama said, was to spur Russian President Vladmir Putin to "walk the walk not just talk to talk" in resolving the crisis in Ukraine.

If the latest round of sanctions don't work, the next phase could target sectors like banking, Obama said.

The European Union also is expected to impose sanctions Monday on about 15 Russian officials who are believed to be undermining democracy and creating chaos in Ukraine, according to Western diplomats.

The sanctions will include asset freezes and travel bans.

MORE on CNN.com.