Ireland to confirm sanctions against Russia today - Donohoe

Minister for Finance Paschal Donohoe said he recognised the impact the reality of war could have on Ireland and Europe from the point of view of security and on the economy. Picture: Gareth Chaney/ Collins Photos

The Minister for Finance says he is "gravely concerned" about the human cost of war in Ukraine and the economic impact on Ireland.

A host of nations in the West have already imposed sanctions on Russia for ordering troops into separatist regions of eastern Ukraine. The US, UK, Australia and Germany and the EU have all hit the country with sanctions.