EU to impose fresh sanctions against Russia

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European Union leaders agreed on Thursday they would impose further economic sanctions on Russia – in tandem with the United States and Britain – if the Russian military invaded Ukraine, although they encouraged more diplomacy with Moscow, France 24 reported.

“Any further military aggression against Ukraine will have massive consequences and severe cost in response, including restrictive measures coordinated with partners,” leaders said in their final summit statement, referring to U.S. and UK allies.

The West imposed economic sanctions on Russia in 2014 over its annexation of the Crimean peninsula from Ukraine, with measures targeting Russia’s energy, banking and defence sectors.