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Sanctions on Russia: Would World Cup Boycott Hit Harder?

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(CNN) — European leaders are meeting in Brussels Thursday to discuss further sanctions against Russia.

So far the EU has imposed financial and visa restrictions against 21 carefully selected Russian and Ukrainian officials — but avoided anyone from President Vladimir Putin’s inner circle and stayed clear of any large-scale economic sanctions.

The EU and U.S. have condemned Russian annexation of Crimea as illegal and stepped up their rhetoric towards the Kremlin, but whether they are willing to put more economic pressure on Russia is unclear.

The leaders of Europe’s biggest economies are likely to be cautious.

Here’s why.

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