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EU Readies Russia Sanctions Amid U.S. Pressure on Ukraine

European Union leaders may impose their first sanctions today against Russian companies that are helping undermine Ukraine as the U.S. urges the bloc to take a tougher stance against Moscow.

EU leaders may also agree at a summit tonight in Brussels to cut off lending for investment projects in Russia, halt bilateral cooperation programs and further clamp down on commerce with Crimea, which President Vladimir Putin’s government annexed from Ukraine in March, according to a draft document of conclusions obtained by Bloomberg News.