BRUSSELS -- The 27 European Union members nations have unanimously agreed on an initial set of sanctions targeting Russian officials over their actions in Ukraine, French Foreign Minister Jean-Yves Le Drianance's foreign minister said.
EU foreign affairs chief Josep Borrell said the package approved Tuesday “will hurt Russia, and it will hurt a lot.”
Borrell said the sanctions would affect members of Russia’s lower house of parliament and other individuals involved in approving the deployment of Russian troops to separatist-held regions of eastern Ukraine.
He says the package will also affect Russia's financing of policies linked to Ukraine by limiting access to EU financial markets.
“This story is not finished,” said Borrell of Russian actions in Ukraine.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.
BRUSSELS (AP) — Shocked by Russian President Vladimir Putin’s order to deploy troops to separatist regions of eastern Ukraine, world leaders moved quickly Tuesday to impose as forceful a response as possible in hopes of averting a full-blown war in Europe.
Germany made the first big move, taking steps to halt the process of certifying the Nord Stream 2 gas pipeline from Russia — a lucrative deal long sought by Moscow, but criticized by the U.S. for increasing Europe's reliance on Russian energy supplies.
The rest of the European Union also put some of its cards on the table, saying its sanctions would take aim at several Russian officials, banks financing the Russian armed forces and include limiting Moscow’s access to EU capital and financial markets. British Prime Minister Boris Johnson went as far as naming five Russian banks and three wealthy individuals who were hit with sanctions on Tuesday.
The United States was moving closer to sanctions too, with the White House calling Russia’s troop deployments an “invasion” — a red line that President Joe Biden has said would result in heavy U.S. sanctions against Moscow. Action could follow later Tuesday.
And if Putin pushes further into Ukraine, NATO chief Jens Stoltenberg insisted the West would move in lockstep. “If Russia decides once again to use force against Ukraine, there will be even stronger sanctions, even a higher price to pay,” he said.
The West insisted Putin’s bold moves in Ukraine violated countless international agreements and since diplomacy has failed, it was time to move towards action.
Western powers have long made clear the fate of Ukraine wasn't worth a direct military confrontation with Russia and the potential of a world war, so sanctions were the only, limited, option to crystalize their anger.
“No lows too low, no lies too blatant, no red lines too red to cross,” Lithuanian Prime Minister Ingrida Simonyte said in summing up the political disgust felt by nations from Europe to North America and the democracies hugging Russia’s borders in Asia like Japan and South Korea.
However, Putin continued to knock the world off-kilter with a strategy where confusion about the true extent of an invasion, which would automatically kick in major sanctions, remained unclear and debatable.
Russia said it was sending what it called “peacekeepers" into eastern Ukraine, but EU foreign policy chief Josep Borrell stressed they were “troops” on sovereign Ukrainian territory.
“I wouldn’t say that’s a fully-fledged invasion, but Russian troops are on Ukrainian soil," Borrell said.
British Defense Secretary Ben Wallace didn't mince words. “Russia has already invaded Ukraine. They did it in 2014, occupied illegally Crimea and Donbas. This is a further invasion of their sovereign territory," Wallace said.
Whatever the description, the latest developments were enough to force the 27-nation bloc into a mode of high alert, and the EU's foreign ministers were to decide later Tuesday how deep a first batch of sanctions would cut.
It will likely stop far short of the “massive” package threatened by the EU and Washington for a full military invasion into national territory that Kiyv still controls.
“The way we respond will define us for the generations to come,” Simonyte said.
Too much too soon, though, could also hurt the international response, Austrian Chancellor Karl Nehammer said.
“There is a variety of sanctions options that now need to be used in a targeted way, because we have to assume that we haven’t yet reached the peak of the escalation,” he said.
Britain's Johnson was thinking in the same vein.
“This the first tranche, the first barrage of what we are prepared to do and we hold further sanctions at readiness to be deployed,” Johnson told British lawmakers.
A conflict could devastate Ukraine and cause huge economic damage across Europe, which is heavily dependent on Russian energy. But Asian nations are also worried.
President Moon Jae-in instructed his officials to prepare for the economic fallout in South Korea if the Ukraine crisis worsens and U.S.-backed nations levy stringent economic sanctions on Russia.
Hopes are dwindling that a major conflict can be averted. Putin’s directive came hours after he recognized the two Ukrainian separatist regions, setting up Russian military support and antagonizing Western leaders who regard it as a breach of world order.
Putin has blamed NATO for the current crisis and called the U.S.-led alliance an existential threat to Russia.
The global condemnation came amid rising skirmishes in the eastern regions of Ukraine that Western powers believe Russia could use as a pretext for an attack on the Europe-leaning democracy that has defied Moscow’s attempts to pull it back into its orbit.
NATO member Turkey, which has close relations with both Ukraine and Russia, criticized Moscow's decision to recognize the independence of the regions in eastern Ukraine.
“We consider this decision by Russia as being unacceptable,” Turkish President Recep Tayyip Erdogan said. “We reiterate our calls to the parties to respect common sense and international law.”
China, a traditional ally of Russia, sounded a cautious note, calling for restraint and a diplomatic solution to the crisis.
Washington could be much more straightforward. The White House issued an executive order to restrict investment and trade in the separatist regions, and additional measures — likely sanctions — were to be announced Tuesday. Those sanctions are independent of what Washington has prepared in the event of a Russian invasion, according to a senior administration official who briefed reporters on the condition of anonymity.
With an estimated 150,000 Russian troops massed on three sides of Ukraine, the U.S. has warned that Moscow has already decided to invade. Still, Biden and Putin tentatively agreed to a meeting brokered by French President Emmanuel Macron in a last-ditch effort to avoid war.
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AP reporters from around the world contributed.
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Follow AP’s coverage of the Ukraine crisis at https://apnews.com/hub/russia-ukraine
