UK & World News
Russians Targeted By EU Sanctions Revealed
The European Commission has published the names of eight Russians - including some of President Vladimir Putin's associates - whose assets will be frozen as part of tougher sanctions against Russian actions in Ukraine.
The people on the list include Arkady Rotenberg, Mr Putin's long-time judo partner, who has been on a US sanctions list since March.
Yuriy Kovalchuk and Nikolai Shamalov - the two largest shareholders in Bank Rossiya - have also been blacklisted.
The St Petersburg-based company, considered the personal bank of senior Russian officials, has expanded rapidly since Mr Putin became president in 2000.
Russian National Commercial Bank, which was the first Russian bank to move into Crimea after it was annexed earlier this year, is also named.
Two companies - anti-aircraft weapons manufacturer Almaz-Antey and the airline Dobrolyot, which operates flights between Moscow and Simferopol in Crimea - were also included on the list.
The other five individuals targeted by the EU measures include the first deputy chief of staff of the Russian presidential administration and three pro-Moscow officials in Crimea and eastern Ukraine.
Some 95 people and 23 organisations are now subject to travel bans and asset freezes.
G7 leaders have threatened more sanctions could be imposed if Moscow does not change its course on Ukraine.
In a statement, they said the shooting down of flight Malaysia Airlines flight MH17 was a "watershed" moment in the Ukraine crisis, and should have led Russia to stop the flow of weapons and militants from Russia into Ukraine.
The US and European governments agreed to new sanctions targeting Russian oil, finance and defence industries.
US President Barack Obama denied the West was being drawn into a "new Cold War", but said it aimed to "ratchet up the pressure on Russia, including the cronies and companies supporting Russia's illegal actions in Ukraine".
Sanctions on three Russian banks, VTB, its subsidiary Bank of Moscow and Russian Agricultural Bank, ban Americans or people in US jurisdictions from medium or long-term financial transactions with the banks.
British Prime Minister David Cameron has warned the measures could impact on the City of London, but said they should be seen in the context of the deaths of 298 MH17 passengers and crew.
EU President Herman Van Rompuy said the sanctions were "meant as a strong warning", but were "reversible" if Moscow changed course in Ukraine.