BRUSSELS (AP) — The 27 European Union members nations have unanimously agreed on an initial set of sanctions targeting Russian officials over their actions in Ukraine, French Foreign Minister Jean-Yves Le Drianance's foreign minister said.
EU foreign affairs chief Josep Borrell said the package approved Tuesday “will hurt Russia, and it will hurt a lot.”
Borrell said the sanctions would affect members of Russia’s lower house of parliament and other individuals involved in approving the deployment of Russian troops to separatist-held regions of eastern Ukraine.
He says the package will also affect Russia's financing of policies linked to Ukraine by limiting access to EU financial markets.
“This story is not finished,” said Borrell of Russian actions in Ukraine.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.
BRUSSELS (AP) — Shocked by Russian President Vladimir Putin’s order to deploy troops to separatist regions of eastern Ukraine, world leaders moved quickly Tuesday to impose as forceful a response as possible in hopes of averting a full-blown war in Europe.
Germany made the first big move, taking steps to halt the process of certifying the Nord Stream 2 gas pipeline from Russia — a lucrative deal long sought by Moscow, but criticized by the U.S. for increasing Europe's reliance on Russian energy supplies.
The rest of the European Union also put some of its cards on the table, saying its sanctions would take aim at several Russian officials, banks financing the Russian armed forces and include limiting Moscow’s access to EU capital and financial markets. British Prime Minister Boris Johnson went as far as naming five Russian banks and three wealthy individuals who were hit with sanctions on Tuesday.
The United States was moving closer to sanctions...
