29 July 2014
The east-west chill over Ukraine deepens as the EU prepares sanctions targeting the Russian economy, the BBC's Gavin Hewitt reports.
The European Union is set to back new sanctions against Russia, targeting its finance, energy and defence sectors over the conflict in Ukraine.
Oil giant BP reports a rise in second quarter profits to $3.2bn, but warns that further economic sanctions against Russia could affect its business.
Russia will appeal against a court decision ordering it to pay the biggest compensation package to date, amounting to $50bn (£29.5bn) in damages.
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