“These sanctions cover the financial sector, the energy and transport sectors, dual-use goods as well as export controls and export financing, visa policy, additional listings of Russian Individuals and new listing criteria,” the EU said in a statement.

The EU leaders said new sanctions would have “massive and severe consequences” for Russia.

The EU approved a first round of sanctions after Russia recognized two separatist breakaway regions in eastern Ukraine on Tuesday. Those sanctions, which went into effect Wednesday, mainly took aim at Russian banks and lawmakers.

Russian President Vladimir Putin ordered the start of a special military invasion of Ukraine, which he said did not include civilians or civilian infrastructure, amid a crisis he blamed on NATO’s ambitions to deploy its troops to Eastern Europe.

According to Putin, the republics of Donetsk and Lugansk are threatened by Kyiv, where the 2014 coup d’état brought to power authorities with a strong anti-Russian stance and prone to satisfy NATO´s expansionist interests.

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