Russia hit by new world sanctions

The European Union and US are to impose new economic sanctions against Russia following the downing of Malaysia Airlines flight MH17, which has been blamed on Moscow-backed rebels in Ukraine.

President of the European Council Herman Van Rompuy said its new measures included an arms embargo, a ban on the sale of dual use and sensitive technologies, and a ban on the sale of bonds and equities by state-owned Russian banks in European capital markets.