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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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Russia to hold 'major exercises' of strategic missile forces

Russia will conduct major exercises of the strategic missile forces responsible for its long-range nuclear arsenal during this month, the country's defence ministry has told the state-run RIA news agency.

The exercises were announced amid heightened tensions with Nato over the Ukraine crisis and ahead of a two-day summit in Wales.

They will involve more than 4,000 Russian service members and around 400 technical units, including aviation, RIA reported.

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