EU leaders won't hit Russia with new sanctions

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Ukraine's President Petro Poroshenko, center, poses with European Commission President Jose Manuel Barroso, left, and European Council President Herman Van Rompuy, right, during an EU Summit in Brussels on Friday, June 27, 2014. Ukrainian President Petro Poroshenko has signed up to a trade and economic pact with the European Union, saying it may be the "most important day" for his country since it became independent from the Soviet Union. (AP Photo)

BRUSSELS (AP) — European Union leaders have decided not to immediately impose new sanctions on Russia for its actions over Ukraine.

In a statement Friday, however, the European leaders meeting in Brussels said new sanctions have been prepared so they could be imposed "without delay."

The EU leaders gave the Russian government and the rebels in eastern Ukraine until Monday to take steps to improve the situation. Those included agreeing on a mechanism to verify the cease-fire, returning three border checkpoints to Ukraine, releasing all captives and launching "substantial negotiations" on Ukrainian President Petro Poroshenko's peace plan.