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EU approves sanctions against Russia in Ukraine Crisis

The EU has unanimously approved a package of sanctions against Russia and its surrogates in Ukraine, targeting 351 members of the Russian parliament and 27 individuals and entities blamed for undermining Ukraine’s sovereignty.

“This package of sanctions has been approved by unanimity,” said the EU’s top diplomat Josep Borrell after a meeting of foreign ministers in Paris. “It will hurt Russia and it will hurt a lot and we are doing that in strong co-ordination with our partners, the US, the UK and Canada with whom I have been in close contact.”

Borrell also said the EU was targeting “the ability of the Russian state and government to access our capital markets and financial services,” including the raising of sovereign debt, but gave no immediate further details.

He also paid tribute to Germany for its decision to suspend the operation of the Nord Stream 2 gas pipeline from Russia.

Borrell and Jean-Yves Le Drian, French foreign minister, said further EU sanctions were being considered targeting both Russia and Belarus. People and organisations to be sanctioned immediately included decision makers — though not Vladimir Putin — banks, and those involved in the defence sector and in disinformation.

“We are afraid that this story has not finished,” Borrell said. “We are keeping ammunition in our toolbox.”

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