French President Francois Hollande announced the measure after a meeting of European Union heads of state and government gathered to discuss the Ukraine crisis for the second time in less than two weeks.
"Russia must understand that it cannot continue, that it must take the path of dialogue," Hollande said yesterday.
The names of those targeted will be made public today.
The EU move came on the heels of an announcement by US President Barack Obama of a new round of punitive measures against 20 Russian lawmakers and senior government officials, in addition to 11 individuals already targeted.
Hollande said earlier that "borders cannot be redrawn and a region allowed to pass from one nation to another without a response".
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
