EU warns Russia that it will face economic sanctions if it invades Ukraine.

CCTV News:Recently, NATO and the Group of Seven have warned Russia that it will face serious consequences if it invades Ukraine. On the 13th, borrell, the EU’s High Representative for Foreign Affairs and Security Policy, also said that the EU is studying with the United States and Britain when to impose new sanctions on Russia. He said that the EU sent a clear signal to Russia that any invasion of Ukraine will make Russia pay a high price. Diplomats from some EU countries revealed that the EU is focusing on how to impose a series of sanctions on Russia in an increasing way: from banning Russian politicians from entering the country and freezing personal assets to prohibiting financial and banking transactions related to Russia. Sanctions may also include stopping the "Beixi -2" natural gas pipeline project. Russian Foreign Minister Lavrov said earlier this month that if the United States or the European Union imposed "what they called high-intensity new sanctions" on Russia, Russia would respond to both financial and new sanctions.