Leaders in the European Union (EU) will impose new sanctions on Russia following its “barbaric attack” on Ukraine.

According to a report from Reuters, the sanctions will include freezing its assets, halting its banks’ access to European financial markets and targeting “Kremlin interests.”

Reuters added that an Emergency Summit will occur on Thursday. President of the European Commission Ursula Von der Leyen said in an emergency statement early Thursday that “President Putin is responsible for bringing war back to Europe” and that the EU will hold him accountable.