European Union governments are preparing a new round of travel bans and asset freezes on some 100 Russians over Moscow's invasion of Ukraine and a decision could come later on Wednesday, the EU's top diplomat said.
"Member states are working on a package of sanctions, around 100 people responsible at different levels of government," Borrell told the European Parliament in Strasbourg.
He said he hoped for agreement "by the end of this session today", without giving more details.
Britain also unveiled new aviation sanctions on Wednesday giving it the power to detain any Russian aircraft and banning exports of aviation or space-related goods to Russia.
It comes as the International Monetary Fund (IMF) has approved $1.4 billion in emergency support for Ukraine to finance expenditures and shore up the balance of payments, Central Bank Governor Kyrylo Shevchenko said in a statement on Wednesday.
Ukraine has turned to financing from allies and international institutions to support its economy after the Russian invasion began on February 24th.
"We are immensely grateful to the IMF for its prompt response to our request," Shevchenko said.
"We look forward to completing all required procedures as soon as possible.
"It is vital for Ukraine now that it has been going through such a horrible time."
