EU to sanction Russian individuals and entities over Ukraine

European Union foreign ministers agreed on Tuesday to sanction 27 Russians and entities after Moscow recognised two breakaway regions in eastern Ukraine, as well banks, the defence sector and limiting Russian access to European capital markets, reports Reuters. 

All members of Russia's Duma, parliament's lower house, will be hit with EU sanctions, which typically involve travel bans and asset freezes.

"This package of sanctions that has been approved by unanimity by the member states will hurt Russia, and it will hurt a lot," EU foreign policy chief Josep Borrell told a news conference alongside France's foreign minister at a meeting in Paris.