European Union foreign ministers have agreed to apply sanctions to 27 Russians and entities, including banks, and to limit Russian access to European capital markets, Reuters reports.
All members of Russia’s Duma, the lower house of its parliament, 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," said EU foreign policy chief Josep Borrell at a news conference in Paris.