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 ›

EU considers possible new sanctions against Russia

A draft statement from EU leaders meeting in Brussels calls for officials to urgently prepare possible new sanctions against Russia over the crisis in eastern Ukraine.

They will ask the EU's executive Commission and the EU's diplomatic service to work together "to urgently undertake preparatory work" on further sanctions.

More on this story