putin2Unimpressed with Russia’s military presence in Crimea, the United States, Canada, and other nations have issued sanctions against the country in an effort to persuade Putin to withdraw the newly added military personnel from the area.

Putin thus far has mostly brushed off the threats of sanctions, insinuating that he isn’t too worried about such a possible attack and is prepared if it happens. The threats of sanctions have been made by the United States many times over.

Obama had initially stated that the sanctions were going to be levied against top Russian officials, with the threat of more to follow if deemed necessary. Without any further ado, Obama has now stated that he is moving forward with placing even further sanctions against prominent Russians, as well as considering the possibility of levying sanctions on key sectors of the Russian economy in response to Moscow’s recent move into the Crimea region of Ukraine.

“We’re imposing sanctions on more senior officials of the Russian government. In addition, we are today sanctioning a number of other individuals with substantial resources and influence who provide material support to the Russian leadership, as well as a bank that provides material support to these individuals.” – stated President Obama.

The U.S. President said that Russia’s “threats” to the particular region in Ukraine pose a serious risk of escalating the crisis. Although, Russian troops were able to effectively move into the area without any casualties being reported, no missiles being launched, no bullets being fired: an accomplishment which the United States isn’t too familiar with from their many foreign escapades. In the last several days, Russian troops along with several unarmed men, moved in on other areas including a naval headquarters location in the Crimean port of Sevastopol.

Thus far only one person as been reported to have been killed, with several others injured from violence namely between and amongst disagreeing citizens. Ukraine’s government said on Wednesday that it planned to pull its troops from Crimea. The increased Russian presence follows the decree by President Vladimir Putin to recognize Crimea after 97% of the citizenry, those took part in the recent referendum, voted to side with Russian interests.

Russia has also retaliated with some sanctions of their own against the United States. German Chancellor Angela Merkel also indicated that the Group of Eight economic powers might possibly expel Russia over the disagreement. The Russian parliament is moving ahead with the ratification of a treaty to annex Crimea, and no one looks prepared to back down.