President Obama and President Vladimir Putin spoke today for 90 minutes over Russia’s invasion of Ukraine’s Crimea region. The U.S. will pull out of the G-8 Summit to be held in Sochi later this year over the crisis. The fact is that cancelling one meeting is no big deal to Vladimir Putin compared to keeping control of the waterway. Despite all these phone calls, it seems Vladimir Putin isn’t backing down. The next 48 hours will be pivotal in this crisis. Politico has an interesting list about eight steps President Obama must take to punish Vladimir Putin.

Russian version of phone call from the Kremlin:

In reply to Mr Obama’s concern over the possibility of the use of Russian armed forces on the territory of Ukraine, Vladimir Putin drew his attention to the provocative and criminal actions on the part of ultranationalists who are in fact being supported by the current authorities in Kiev.

The Russian President spoke of a real threat to the lives and health of Russian citizens and the many compatriots who are currently on Ukrainian territory. Vladimir Putin stressed that in case of any further spread of violence to Eastern Ukraine and Crimea, Russia retains the right to protect its interests and the Russian-speaking population of those areas.

Readout of President Obama’s Call with President Putin:

President Obama spoke for 90 minutes this afternoon with President Putin of Russia about the situation in Ukraine. President Obama expressed his deep concern over Russia’s clear violation of Ukrainian sovereignty and territorial integrity, which is a breach of international law, including Russia’s obligations under the UN Charter, and of its 1997 military basing agreement with Ukraine, and which is inconsistent with the 1994 Budapest Memorandum and the Helsinki Final Act. The United States condemns Russia’s military intervention into Ukrainian territory.

The United States calls on Russia to de-escalate tensions by withdrawing its forces back to bases in Crimea and to refrain from any interference elsewhere in Ukraine. We have consistently said that we recognize Russia’s deep historic and cultural ties to Ukraine and the need to protect the rights of ethnic Russian and minority populations within Ukraine. The Ukrainian government has made clear its commitment to protect the rights of all Ukrainians and to abide by Ukraine’s international commitments, and we will continue to urge them to do so.

President Obama told President Putin that, if Russia has concerns about the treatment of ethnic Russian and minority populations in Ukraine, the appropriate way to address them is peacefully through direct engagement with the government of Ukraine and through the dispatch of international observers under the auspices of the United Nations Security Council or the Organization for Security and Cooperation in Europe (OSCE). As a member of both organizations, Russia would be able to participate. President Obama urged an immediate effort to initiate a dialogue between Russia and the Ukrainian government, with international facilitation, as appropriate. The United States is prepared to participate.

President Obama made clear that Russia’s continued violation of Ukraine’s sovereignty and territorial integrity would negatively impact Russia’s standing in the international community. In the coming hours and days, the United States will urgently consult with allies and partners in the UN Security Council, the North Atlantic Council, the Organization for Security and Cooperation in Europe, and with the signatories of the Budapest Memorandum. The United States will suspend upcoming participation in preparatory meetings for the G-8. Going forward, Russia’s continued violation of international law will lead to greater political and economic isolation.

The people of Ukraine have the right to determine their own future. President Obama has directed his Administration to continue working urgently with international partners to provide support for the Ukrainian government, including urgent technical and financial assistance. Going forward, we will continue consulting closely with allies and partners, the Ukrainian government and the International Monetary Fund, to provide the new government with significant assistance to secure financial stability, to support needed reforms, to allow Ukraine to conduct successful elections, and to support Ukraine as it pursues a democratic future.

Vladimir Putin also spoke with UN Secretary-General Ban Ki-moon to discuss the crisis in Ukraine:

Vladimir Putin noted that in case of any escalation of violence against the Russian-speaking population of the eastern regions of Ukraine and Crimea, Russia would not be able to stay away and would resort to whatever measures are necessary in compliance with international law.

Both parties stressed the need to prevent further exacerbation of the crisis in Ukraine.

Vladimir Putin also spoke with French President Francois Hollande:

At the request of Francois Hollande, Vladimir Putin shared his assessment of the situation in Ukraine, stressing that there exists a real threat to the lives of Russian citizens and our compatriots.

The two presidents exchanged views on possible ways of resolving the situation in Ukraine and agreed to continue contacts.

This was cross-posted from The Hinterland Gazette.