Putin recognizes Crimean independence

KIEV, Ukraine (AP) — Ignoring the toughest sanctions against Moscow since the end of the Cold War, Russian President Vladimir Putin recognized Ukraine’s Crimean Peninsula as an “independent and sovereign country” on Monday, a bold challenge to Washington that escalates one of Europe’s worst security crises in years.

The brief decree posted on the Kremlin’s website came just hours after the United States and the European Union announced asset freezes and other sanctions against Russian and Ukrainian officials involved in the Crimean crisis. President Barack Obama warned that more would come if Russia didn’t stop interfering in Ukraine, and Putin’s move clearly forces his hand.