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EU halts Russia talks, threatens sanctions

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Photo - From second left, Italian Foreign Minister Federica Mogherini, Spanish Foreign Minister Jose Manuel Garcia-Margallo  and French Foreign Minister Laurent Fabius, speak with each other during an emergency meeting of EU foreign ministers at the EU Council building in Brussels on Monday, March 3, 2014. EU foreign ministers meet Monday, in emergency session, to discuss the ongoing crisis in Ukraine. (AP Photo/Virginia Mayo)
From second left, Italian Foreign Minister Federica Mogherini, Spanish Foreign Minister Jose Manuel Garcia-Margallo and French Foreign Minister Laurent Fabius, speak with each other during an emergency meeting of EU foreign ministers at the EU Council building in Brussels on Monday, March 3, 2014. EU foreign ministers meet Monday, in emergency session, to discuss the ongoing crisis in Ukraine. (AP Photo/Virginia Mayo)
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BRUSSELS (AP) — The European Union is threatening to freeze visa liberalization and economic cooperation talks and boycott the G8 summit in Russia's Sochi if Moscow does not deescalate the crisis in Ukraine's Crimean peninsula by Thursday.

French Foreign Minister Laurent Fabius said the EU would give Russia until an emergency summit of EU leaders is held on Thursday to show clear signs of goodwill, including a willingness to open talks and a withdrawal of Russian troops to their barracks in the Crimea.

If not, Fabius said the EU would start implementing punitive measures.

EU Council President Herman Van Rompuy called the emergency summit late Monday after the foreign ministers ended their talks.

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