Kyiv citizens told to prepare Molotov cocktails as Russian troops advance on capital

Ursula von der Leyen has outlined a package of further EU sanctions against Russia, saying the invasion of Ukraine marks the “beginning of a new era”.

Following a late-night European Council meeting on the situation in Ukraine, the President of the European Commission said the package included financial, energy and technological sanctions aimed to deter Mr Putin from redrawing “the map of Europe by force”.

Ms von der Leyen said the sanctions show “how united the EU is”.

“First, this package includes financial sanctions, targeting 70% of the Russian banking market and key state owned companies, including in defence.

“Second, we target the energy sector, a key economic area which especially benefits the Russian state. Our export ban will hit the oil sector by making it impossible for Russia to upgrade its refineries.

“Third: we ban the sale of aircrafts and equipment to Russian airlines.

“Fourth, we are limiting Russia’s access to crucial technology, such as semiconductors or cutting-edge software.

“Finally: visas. Diplomats and related groups and business people will no longer have privileged access to the European Union.

She added: “These events mark the beginning of a new era. Putin is trying to subjugate a friendly European country. He is trying to redraw the map of Europe by force. He must and he will fail.”