KIEV, Ukraine (AP) — Russia is facing more sanctions from the European Union over its annexation of the Crimean Peninsula.

German Chancellor Angela Merkel (AHN'-geh-lah MEHR'-kuhl) says the EU is preparing further sanctions, and she says the G-8 forum of leading economies has been suspended indefinitely.

Russia holds the presidency of the G-8 and President Vladimir Putin was due to host a G-8 summit in Sochi in June.