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The plunge of the rouble indicates that the Western sanctions on Russia are starting to work, Lithuania's President Dalia Grybauskaitė said on Thursday upon arrival at the European Union's (EU) summit in Brussels.
Dalia Grybauskaitė EVT susitikime
Dalia Grybauskaitė EVT susitikime
© AFP/Scanpix

"We see that the sanctions are staring to work, let's give them time to show what they can do," the president told journalists.

On Thursday, the EU took additional sanctions against Crimea, which has been annexed by Russia, banning all investments and restricting trade.

In Grybauskaitė's words, the future of the economic sanctions on Russia will depend on Moscow's behaviour in eastern Ukraine. The Lithuanian president said Russian President Vladimir Putin's annual press conference proves once again that the situation in Eastern Ukraine is not changing.

Instroduced this year, the EU sanctions will stay in effect until mid-2015. Lifting or extending them will require support from all EU member-states.

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