BRUSSELS, July 16 (Xinhua) -- European leaders agreed on Wednesday to expand sanctions against Russia at a special meeting of the European Council in the light of the latest developments in Ukraine.
An official statement said the European Council agreed to expand the restrictive measures, with a view to targeting entities, including those from the Russian Federation, that are materially or financially supporting actions undermining or threatening Ukraine's sovereignty, territorial integrity and independence.
A first list of entities and persons will be decided by the end of July, the statement said.
Furthermore, the European Council requested the European Investment Bank (EIB) to suspend the signature of new financing operations in the Russia.
The statement also condemned the continuation of "illegal activities by armed militants in Eastern Ukraine".
"We believe that the Russian contribution to peace in Ukraine is not sufficient," Angela Merkel, German chancellor said on arrival for the meeting.
"There are important discussions here today and perhaps the most important is that the situation in Ukraine is not acceptable," British Prime Minister David Cameron said on his arrival.
"The territorial integrity of that country is not being respected by Russia and we need to send a clear message with clear actions at this council meeting tonight." he said.
EU decided to add 11 more people to its list of sanctions over Ukraine situation last week, bringing the number of people on its Ukraine-related blacklist to 72.