Russian President Vladimir Putin must fail and will fail, European Union leaders said today, agreeing to impose new sanctions on Russia over Russia's offensive against Ukraine, Reuters reported.

Everything on the topic:

The Russian invasion of Ukraine 864

Russia attacked Ukraine by land, air and sea yesterday after President Putin announced that the Russian army would conduct a special military operation in the neighboring country, Reuters recalls.

EU leaders have agreed in principle to impose new economic sanctions on Russia.

The United States did the same earlier.

The European Union will freeze Russian assets in its member states and cut off Russian banks' access to European financial markets.

The measures are part of a new package of sanctions against Russia, which was described by European Foreign Minister Josep Borrell as the harshest package of sanctions ever imposed.

The new sanctions against Russia will be finally approved tomorrow

"This package includes financial sanctions and is aimed at 70 percent of Russia's banking market and key state-owned companies, including in the defense sector," European Commission President Ursula von der Leyen said on Twitter.

At a news conference, Von der Leyen said sanctions would also restrict Russia's access to financial markets, which would make borrowing more expensive from Russia and lead to higher inflation there.

Export restrictions will affect Russia's oil sector, as it will no longer have access to the EU goods it needs for its oil refineries.   

Everything on the topic:

The Russian invasion of Ukraine 864

  • Putin and Macron discussed the situation in Ukraine in a telephone conversation

  • The new sanctions against Russia will be finally approved tomorrow

  • Russian forces are advancing on Kiev

The Russian invasion of Ukraine

European Union