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The United States earlier announced sanctions were being imposed on seven further Russians, including two members of the President Putin inner circle, and 17 companies linked to the premier.

"Building on our expertise in the field of asset recovery, it will also provide practical leadership and assistance to the Ukrainian government as they identify and recover assets looted under the Yanukovych regime and introduce political and economic reform.

"The message is clear we are making it harder than ever for corrupt regimes or individuals around the world to move, hide and profit from the proceeds of their crime."

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The Foreign Secretary, who will travel to Ukraine, Georgia and Moldova next week, said the "doors of diplomacy remain fully open" but warned Moscow it Nike Sneaker Closet

will pay an even "heavier price" if it fails to act to quell the unrest.

Preparations for the third tier of sanctions, which will have far reaching economic and trade measures, are also "well advanced", William Hague has said.

He said: "Russia is already paying a serious price for its actions and the longer it breaches the independent sovereignty of Ukraine the heavier the price it will pay."

Agreement on the individuals hit by European Union sanctions was agreed in Brussels today and the names are expected to be released tomorrow, although more could still be added. It takes the EU total of Russians or pro Russian individuals hit by the sanctions to 48.

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"By taking urgent and immediate steps to provide political and economic stability, the UK, US and wider international community has already Nike Shoes Red And Black demonstrated a strong commitment to the people of Ukraine. This forum provides a further opportunity to show our ongoing support," she said.

Shadow foreign secretary Douglas Alexander said it was important to show Russia the "costs and consequences" of its actions in order to de escalate the crisis.

He also condemned the "deplorable" shooting of Hennady Kernes, mayor of Ukraine second largest city Kharkiv, who was gunned down while he was out cycling and is now in a "grave, but stable" condition.

Mr Hague said protestations from Russia that insurgents in eastern Ukraine were groups of local militia have "no credibility" and criticised Moscow for failing to implement any aspect of the Geneva peace agreement.

The detention of European military observers kidnapped by pro Russian gunmen in eastern Ukraine is "utterly reprehensible", he added.

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Mr Alexander told MPs: "Russia willingness to violate the territorial integrity of Ukraine is the gravest challenge to the European security order in decades, and as this crisis continues there are now those that now argue that these actions are already undermining the belief of so many Europeans in recent years that further conflict on the European continent have become all but impossible."

´╗┐assets frozen in Ukraine probe

Home Secretary Theresa May and US attorney general Eric Holder have jointly organised the event, which will be attended by Government officials, regulators and financial experts.

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The move came as the European Union continued to ramp up its response to the crisis with the imposition of travel bans and asset freezes on another 15 Russian officials.

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"Russia actions betray their fear of democracy and the rule of law taking root in their neighbourhood," Mr Hague added. "These actions are not consistent with being a strong and Nike Shoes Limited Edition 2018

"It is in Russia power to help find ways for tensions to be reduced in Ukraine and the doors of diplomacy remain fully open."

confident country and are also in breach of international agreements and the UN charter to which Russia is a party.

there would be no "tripwire or a red line" on when third tier sanctions would come into force for Russia.

The Serious Fraud Office has launched a criminal investigation into possible money laundering linked to "suspicions of corruption" in Ukraine.

Meanwhile, the UK Government is hosting a meeting in London tomorrow on recovering Ukrainian assets stolen under the regime of former president Viktor Yanukovych.

Mr Hague told the Commons $63 billion worth of capital had been moved out of Russia and its economy was forecast to shrink this year.

In a brief statement the SFO said it had obtained a restraint order freezing approximately $23 million ( million) of assets in the UK in connection with the case.

In response to Mr Alexander in the Commons, Mr Hague said Nike Shoes Grey And Red

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