The European Union has agreed sanctions against several people and entities in Russia.
It follows the Kremlin's decision to recognise two parts of Ukraine as independent states.
The restrictive measures apply to 351 members of Russia's Parliament - or Duma - who voted for the recognition of the breakaway regions of Donetsk and Luhansk.
They'll also target economic relations between the two breakaway regions and the EU.
While the ability of the Russian state to access the EU's capital and financial markets will also be limited.
The bloc is also targeting 27 individuals and entities who are "undermining Ukraine's territorial integrity, sovereignty and independence."
This will cover political, military, business and media sectors.
This will also see a prohibition on making funds available to them, and a travel ban preventing them from entering or transiting through the EU.
I welcome the EU countries' agreement on new sanctions against Russia.
Russia has manufactured this crisis and is responsible for the current escalation.
We will now quickly finalise the sanctions package, in coordination with our partners. https://t.co/k7E8pSZbfH
— Ursula von der Leyen (@vonderleyen) February 22, 2022
President of the European Commission, Ursula von der Leyen, says the bloc nmay take further action.
She says: "This solid package contains a number of calibrated measures. It is a clear response to these violations of international law by the Kremlin.
"The sanctions directly target individuals and companies involved in these actions.
"They target banks that finance the Russian military apparatus and contribute to the destabilisation of Ukraine."
She adds: "Our action today is a response to Russia's aggressive behaviour.
"If Russia continues to escalate this crisis that it has created, we are ready to take further action in response."