Obama Says Putin Must Pull Back on Crimea Annexation

Another day, another ‘line’ drawn in the sand.

President Barack Obama today imposed sanctions on seven top Russian government officials and four others from Ukraine and warned Russia will face more penalties if it doesn’t pull back from Crimea.

“Continued Russian military intervention in Ukraine will only deepen Russia’s diplomatic isolation and exact a greater toll on the Russian economy,” Obama said at the White House. The U.S. can “calibrate our response” based on whether Russia chooses “to escalate or to de-escalate the situation.”

Hit us with sanctions? We’ll seize West’s assets, Russia warns

A proposed law would allow Moscow to seize Western companies’ and individuals’ property and accounts in the event sanctions were imposed on Russia over the Ukraine crisis.