He told MPs they were discussing "asset freezes and travel bans".
The EU has agreed an arms embargo against Syria, but France has said it wants President Bashar al-Assad to be targeted directly.
Activists say 560 people have been killed across the country in anti-government protests.
Speaking in the Commons, Mr Hague said the UK was at the "forefront of pressing for action by the EU".
"We are now working with our European partners on targeted sanctions on asset freezes and travel bans. I will be discussing this further with the French foreign minister this evening.
"We are also highly active at the United Nations Security Council," he said.
He also criticised the crackdowns by governments across the Middle East, saying: "Nothing can justify the use of lethal force against peaceful demonstrators."