BRUSSELS - The United States and the European Union are preparing economic and diplomatic sanctions against Russia unless Moscow deescalates the crisis in Ukraine and pulls its troops on the Crimean peninsula back to its barracks.
The US has already halted military and economic talks as it weighs further punitive measures. Secretary of State John Kerry said Tuesday
The EU appears to be treading more cautiously, but the bloc's 28 leaders are set to decide on initial sanctions at an emergency meeting in Brussels Thursday. (AP)