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 ›

US welcomes proposed EU sanctions on Russia

The White House has offered its support to the European Union's plan to introduce further sanctions against Russia in response to the crisis in Ukraine.

"We welcome the European Council's consensus today to show strong support for Ukraine's sovereignty and territorial integrity and to prepare further sanctions for consideration in coming days," White House National Security spokeswoman Caitlin Hayden said in a statement.

She added that the US was working with the EU to prepare further sanctions.

More on this story