The European Union has agreed to impose a new round of sanctions against Russia, threatening to slap on another one if the country continues to refuse the 30-day unconditional ceasefire proposed by the White House and the "Coalition of the Willing".

EU approves new sanctions on Russia, targeting oil fleet and individuals, threatening more punishment if no Ukraine truce.

The European Union is ready to impose tougher sanctions on Russia if progress on ending the war in Ukraine is not made this week, German Chancellor Friedrich Merz said on Tuesday, adding a new package of sanctions was prepared.