Putin finalizes annexation of Crimea

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MOSCOW, RUSSIA – As the tug of war over Crimea continues, Vladimir Putin finalized the annexation of the disputed territory.

He’s apparently not being swayed by American and European sanctions, but that doesn’t mean Russia won’t feel the burn.

The Russian finance minister has admitted the sanctions could cause economic difficulties.

Considering Russia has offered to cover Crimea’s budget deficit…let’s just say the purse strings are going to be a little tight.

Aww, that’s too bad, because President Obama says we might not be done yet.

“I signed a new executive order,” Obama said, “that gives us the authority to impose sanctions not just on individuals but on key sectors of the Russian economy.”

That doesn’t sound good for Russia…

Of course, Putin has responded with sanctions of his own.

Nine American officials are banned from entering Russia, including senator john McCain, who is really torn up about it.

He tweeted, “I guess this means my spring break in Siberia is off…and my secret bank account in Moscow is frozen.” Bummer, McCain.

And in honor of Twitter’s birthday, how’s this for a flashback Friday? Putin’s very first tweet was “Congratulations to U.S. president-elect Barack Obama.”

What a difference a couple of years makes…