EU-Russia summit to be cancelled, says Hollande

French President Francois Hollande said Europe's leaders would cancel a June summit with Russia, reports RIA Novosti. 

Calling events in Ukraine and Crimea were "unacceptable", the French leader said "sanctions will be decided against a certain number of figures, regarding their personal situation or their financial assets". 

"There was supposed to be  a meeting between the EU and Russia but it cannot take place in these conditions," he said, referring to a planned June summit.