Kerry Denounces Russian 'Act of Aggression', Warns of Trade Freeze:
Secretary of State John Kerry denounced the Russian movement of troops into Ukraine Sunday as “an act of aggression” and accused President Vladimir Putin of “possibly trying to annex Crimea.”
“He's going to lose on the international stage, Russia is going to lose, the Russian people are going to lose, and he's going to lose all of the glow that came out of the Olympics, his $60 billion extravaganza,” Kerry said on NBC’s Meet the Press.
He warned that Russia will suffer a loss of trade and investment if Putin does not reverse course.
Russia has “major investment and trade needs” which are bound to suffer if Russian troops don’t leave Ukraine, he said. “There’s a unified view by all of the foreign ministers I talked with yesterday – all of the G-8 and more -- that they’re simply going to isolate Russia; that they’re not going to engage with Russia in a normal business-as-usual manner…. The ruble is already going down and feeling the impact of this,” he said.
He also warned that “there could even be ultimately asset freezes,” but did not specify how long it would take for foreign governments and banking authorities to freeze Russian assets held abroad.
He also threatened bans on issuing visas to Russians seeking to travel to Europe, the United States and other countries.
Kerry did not specifically address the dependence of European countries on natural gas that Russia exports to them and whether that trade might be interrupted by the crisis over Ukraine.
“It’s really 19th century behavior in the twenty-first century,” Kerry said of Putin ordering Russian military forces to move into Ukraine.
“You just don’t invade another country on phony pretexts in order to assert your interests,” he said.
“There are plenty of ways to protect Russian-speaking people in Crimea,” he said, adding that President Barack Obama had offered U.S. mediation between Russia and Ukraine in his 90-mnutes phone call with Putin on Saturday. Kerry said in a written statement Sunday that the United States does “respect Russia's ties to Ukraine and its concerns about treatment of ethnic Russians.”
Ukraine mobilized its military forces Sunday after Putin declared Russia had a right to invade. The Russian incursion into the Ukrainian province of Crimea, the peninsula where Russia leases a naval base, came after repeated warnings from Obama and officials in his administration to not use military force.
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Britain Adds to Russia G8 Pressure
Britain will suspend its participation in preparations for a G8 meeting in Sochi after Russia violated Ukraine's sovereignty and territorial integrity, British Foreign Minister William Hague said on Sunday.
The United States has already said it will not take part in the meetings, and a source in President Francois Hollande's office said France has also pulled out.
Western countries are scrambling to respond to developments in Ukraine's Crimea, where Putin has claimed the authority to send Russian troops in the biggest confrontation between Moscow and the West since the Cold War.
"The United Kingdom will join other G8 countries this week in suspending our co-operation under the G8, which Russia chairs this year, including ... meetings this week for the preparation of the G8 summit," Hague told media before boarding a flight to Kiev to meet with the pro-Western government that took power when Russian ally Viktor Yanukovich fled last week.
Hague said Russia would have to "think hard" about the united diplomatic and peaceful international response to its actions and said he hoped direct communication between Ukraine and Russia would be able to take place.
"We call on both sides to ensure that there can be a reduction in tensions and the avoidance of conflict," he said.
Canada said Saturday that it was recalling its ambassador to Moscow and pulling out of preparations for the summit.
— Reuters
http://www.nbcnews.com/storyline/ukraine-crisis/britain-adds-russia-g8-pressure-n42341