EU to hit Russia with new sanctions over 'barbaric' attack on Ukraine

[BRUSSELS] European Union leaders will impose new sanctions on Russia, freezing its assets, halting access of its banks to the European financial market and targeting "Kremlin interests" over its "barbaric attack" on Ukraine, senior officials said on Thursday (Feb 24).

Russian forces fired missiles at several cities in Ukraine and landed troops on its coast on Thursday, officials and media said, after President Vladimir Putin authorised what he called a special military operation in the east.

"President Putin is responsible for bringing war back to Europe," European Commission chief Ursula von der Leyen said, adding that the EU would hold him accountable.

"With this package, we will target strategic sectors of the Russian economy by blocking their access to key technologies and markets," she said in an emergency statement. "We will weaken Russia's economic base and its capacity to modernise.

"In addition, we will freeze Russian assets in the EU and stop the access of Russian banks to the European financial market."

The EU approved a first round of sanctions on Wednesday, including blacklisting Russian politicians and curbing trade between the EU and 2 breakaway regions of eastern Ukraine whose independence Putin has recognised.

The new measures, to be discussed at an evening summit of national EU leaders starting at 7 pm GMT, will be "the harshest package of sanctions we have ever implemented", the bloc's foreign policy chief, Josep Borrell, said.

"This is among the darkest hours for Europe since the end of World War Two ... Russia's leadership will face unprecedented isolation."

The EU will also prepare a new aid package for Ukraine, he added. "We will also be active in supporting evacuation operations, including our own staff in zones affected by this Russian attack," he said.

Shortly after Putin spoke in a televised address on Russian state TV, explosions could be heard in the pre-dawn quiet of the Ukrainian capital of Kyiv. Gunfire rattled near the capital's main airport, the Interfax news agency said, and sirens were heard over the city. REUTERS