President Obama Issues A Warning To Russia To Not Intervene In Ukraine

Obama Warns Russia Of 'Costs' For Intervention In Ukraine -- Reuters

(Reuters) - President Barack Obama warned Russia on Friday that military intervention in Ukraine would lead to "costs," as tension with old foe President Vladimir Putin rose in a Cold War-style crisis.

"We are now deeply concerned by reports of military movements taken by the Russian Federation inside of Ukraine," he told reporters.

Obama and European leaders would consider skipping a G8 summit this summer in the Russian city of Sochi if Moscow intervenes militarily in Ukraine, a senior U.S. official said. The G8 includes the world's seven leading industrial nations and Russia.

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