Economics

U.S. Lawmakers See Sanctions Not Troops as Ukraine Response

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U.S. lawmakers from both parties urged President Barack Obama to lead an international effort to impose diplomatic and economic sanctions on Russia if it attacks Ukraine, though they stopped short of calling for armed intervention.

The reaction preceded a 90-minute phone call between U.S. President Barack Obama and Russian President Vladimir Putin today, during which Obama said the U.S. would suspend preparation for an upcoming G-8 meeting in Sochi, Russia, according to a White House statement.