EU ambassadors reach preliminary deal on stepped-up sanctions against Russia, officials say

Industrials Associated Press

European Union ambassadors have reached a preliminary deal on stepped-up sanctions against Russia, targeting its access to European capital markets and trade in the defense sector, dual-use goods and sensitive technologies.

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EU spokeswoman Maja Kocijancic says the proposals were transmitted Friday to EU officials to codify into regulations, with the ambassadors scheduled to meet again Tuesday to review the results. She said EU member states must decide whether the measures need to be approved by a summit meeting of the trade bloc's 28 member countries to go into effect.

The ambassadors also ordered EU-wide asset freezes and travel bans for an undisclosed number of Russians and pro-Russian Ukrainians who are accused of undermining Ukraine's sovereignty. The names of those affected should be made public later Friday.