March 12, 2014 - 16:06 AMT
PanARMENIAN.Net - EU member states have agreed the wording of sanctions on Russia, including travel restrictions and asset freezes against those responsible for violating the sovereignty of Ukraine, Reuters reported citing a draft document it has seen.
The seven-page document describes in detail the restrictive measures to be taken against Moscow if it does not reverse course in Crimea and begin talks with international mediators on efforts to resolve the crisis over Ukraine.
If approved by EU foreign ministers at a meeting on Monday, they would be the first sanctions imposed by the European Union against Russia since the end of the Cold War, marking a severe deterioration in East-West relations.
"Member states shall take the necessary measures to prevent the entry into, or transit through, their territories of the natural persons responsible for actions which undermine or threaten the territorial integrity, sovereignty and independence of Ukraine," reads Article 1 of the document.
The second article covers assets held in the European Union and states that "all funds and economic resources belonging to, owned, held or controlled" by those responsible for actions which have undermined Ukraine's integrity "shall be frozen".
The document was approved by what is known as a silence procedure after no EU member states raised objections to the wording by 1100 GMT on Wednesday, March 12, officials said, according to Reuters.
EU foreign ministers meet in Brussels on Monday and are expected to formally sign off on the restrictions, unless there is a dramatic change of course by Russia, Reuters says.
While the EU has agreed the wording for its sanctions, it is still working on the names of those to be targeted.
Discussions took place in London on Tuesday, when officials from Britain, the United States, Italy, France, Germany, Switzerland, Japan and elsewhere met to discuss the issue.