Ronald Zak, Associated Press
In this June 24, 2014, photo, Russian President Vladimir Putin listens to Swiss President and OSCE chairperson in office Didier Burkhalter during talks with the Organization for Security and Cooperation in Europe, OSCE, in Vienna, Austria.

BRUSSELS — 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.