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.

View all 199 updates ›

Ukraine appeals for Russian asset freeze

Ukrainian prime minister Arseny Yatseniuk has appealed to the United States, European Union and G7 countries to freeze Russian assets until Russian forces withdraw from Ukrainian territory.

At a government meeting, he asked the countries to "freeze Russian assets and finances until Russia withdraws armed forces, equipment and agents".

More on this story