U.S. President Barack Obama.
U.S. President Barack Obama. Photo by AP
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U.S. President Barack Obama and four key European allies agreed on Friday that Russia failed to live up to the terms of the Ukraine peace accord, and would coordinate on a response to "impose costs" on Russia, the White House said.

"The president noted that the United States is prepared to impose targeted sanctions to respond to Russia's latest actions," the White House said in a statement after Obama's conference call with French President Francois Hollande, German Chancellor Angela Merkel, Italian Prime Minister Matteo Renzi, and British Prime Minister David Cameron.

"The leaders agreed to work closely together, and through the G7 and European Union, to coordinate additional steps to impose costs on Russia. The leaders underscored that Russia could still choose a peaceful resolution to the crisis, including by implementing the Geneva accord," the White House said.