By Jonathan Davies

The latest round of economic sanctions on Russia agreed by the EU will take effect today (Friday).

Earlier this week the EU agreed a new set of sanctions to impose on Russia, but delayed implementing them to allow time for the ceasefire between Ukrainian government forces and pro-Russian forces to take effect.

The new measures restrict the ability to Russian state-owned oil firms from raising finance on European stock markets. It also prevents the international movement of a number of oligarchs.

EU Council President Herman van Rompuy said the measures were "promoting a change of course in Russia's actions destabilising eastern Ukraine".

"Depending on the situation on the ground, the EU stands ready to review the agreed sanctions in whole or in part," Mr van Rompuy said.

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