EU sanctions Russia for violating Ukraine's 'territory and sovereignty'

Russian President Vladimir Putin.

Russian President Vladimir Putin speaks during his address to the nation at the Kremlin in Moscow on February 21, 2022. PHOTO | ALEXEY NIKOLSKY | SPUTNIK | AFP

The European Union has issued new sanctions following Russia’s decision to recognise two regions of Ukraine as independent states.

The new sanctions directly target those who were involved in the “illegal” decision and banks that finance the Russian military, the European Council and European Commission said in a joint statement issued on Tuesday afternoon.