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Russia says EU 'against peace' as US backs new sanctions

The Russian Foreign Ministry said the European Union has "made its choice against" a peace process in Ukraine by approving tougher sanctions against Russia.

President Barack Obama said the United States will join the EU in imposing sanctions on Russia's financial, energy and defence sectors after Moscow sent troops into eastern Ukraine last month.

David Cameron has spoken to European leaders and agreed to push ahead with the sanctions by the end of the week, his spokesman has confirmed.

After the announcement the Russian rouble reached a new historic low against the dollar.

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Obama: Russia 'trains, arms and funds' Ukraine rebels

US President Barack Obama has warned that Russia faces "more costs and consequences" if it continues to aid rebels in eastern Ukraine.

President Obama Credit: Reuters

In a news conference at the White House, he said:

The violence is encouraged by Russia. The separatists are trained by Russia. They are armed by Russia. They are funded by Russia. Russia has repeatedly and deliberately violated the sovereignty and territorial integrity of Ukraine, and the new images of Russian forces inside Ukraine make that plain for the world to see ...

As a result of the actions Russia has already taken, and the major sanctions we have imposed with our European and international partners, Russia is already more isolated than at any time since the Cold War ... This ongoing Russian incursion into Ukraine will only bring more costs and consequences for Russia.

– president Obama

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