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.

In a statement they said: "If they (new sanctions) are implemented of course there will be a reaction from our side."

They did not specify what that would entail.

A further 24 people will have their assets frozen and be added to the list of people barred from entry to the 28-nation bloc, when the new sanctions are implemented on Monday.

However, the EU said they could be suspended if Moscow withdraws its troops from Ukraine and observes a newly agreed ceasefire.


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