Good afternoon, everybody. Before Jay takes some of your questions, I wanted to provide a brief update on our efforts to address the ongoing crisis in Ukraine.

Since the Russian intervention, we’ve been mobilizing the international community to condemn this violation of international law and to support the people and government of Ukraine.

This morning I signed an executive order that authorizes sanctions on individuals and entities responsible for violating the sovereignty and territorial integrity of Ukraine, or for stealing the assets of the Ukrainian people.

According to my guidance, the State Department has also put in place restrictions on the travel of certain individuals and officials. These decisions continue our efforts to impose a cost on Russia and those responsible for the situation in Crimea. And they also give us the flexibility to adjust our response going forward based on Russia’s actions.

We took these steps in close coordination with our European allies. I’ve spoken to several of our closest friends around the world, and I’m pleased that our international unity is on display at this important moment. Already, we’ve moved together to announced substantial assistance for the government in Kyiv, and today in Brussels, our allies took similar steps to impose costs on Russia. I am confident that we are moving forward together, united in our determination to oppose actions that violate international law and to support the government and people of Ukraine.

And that includes standing up for the principle of state sovereignty. The proposed referendum on the future of Crimea would violate the Ukrainian constitution and violate international law. Any discussion about the future of Ukraine must include the legitimate government of Ukraine. In 2014, we are well beyond the days when borders can be redrawn over the heads of democratic leaders.

While we take these steps, I want to be clear that there is also a way to resolve this crisis that respects the interests of the Russian Federation, as well as the Ukrainian people. Let international monitors into all of Ukraine, including Crimea, to ensure the rights of all Ukrainians are being respected, including ethnic Russians. Begin consultations between the government of Russia and Ukraine, with the participation of the international community. Russia would maintain its basing rights in Crimea, provided that it abides by its agreements and respects Ukraine’s sovereignty and territorial integrity. And the world should support the people of Ukraine as they move to elections in May.

That’s the path of de-escalation, and Secretary Kerry is engaged in discussions with all of the relevant parties, including Russia and Ukraine to pursue that path. But if this violation of international law continues, the resolve of the United States, and our allies and the international community will remain firm. Meanwhile, we’ve taken steps to reaffirm our commitment to the security and democracy of our allies in Eastern Europe and to support the people of Ukraine.

One last point — there’s been a lot of talk in Congress about these issues. Today, once again, I’m calling on Congress to follow up on these words with action, specifically to support the IMF’s capacity to lend resources to Ukraine and to provide American assistance for the Ukrainian government so that they can weather this storm and stabilize their economy, make needed reforms, deliver for their people, all of which will provide a smoother pathway for the elections that have already been scheduled in May.

Today the world can see that the United States is united with our allies and partners in upholding international law and pursuing a just outcome that advances global security and the future that the Ukrainian people deserve. That’s what we’re going to continue to do in the days to come until we have seen a resolution to this crisis.

Thanks very much. And Jay and Ben and others will be happy to take your questions.

White House on Visa Restrictions, Sanctions in Support of Ukraine

Statement by the Press Secretary on Ukraine

As President Obama has made clear, the United States is pursuing and reviewing a wide range of options in response to Russia’s ongoing violation of Ukraine’s sovereignty and territorial integrity – actions that constitute a threat to peace and security and a breach of international law, including Russia’s obligations under the UN Charter and of its 1997 military basing agreement with Ukraine, and that are inconsistent with the 1994 Budapest Memorandum and the Helsinki Final Act.

Pursuant to the President’s guidance, today the State Department is putting in place visa restrictions on a number of officials and individuals, reflecting a policy decision to deny visas to those responsible for or complicit in threatening the sovereignty and territorial integrity of Ukraine. This new step stands in addition to the policy already implemented to deny visas to those involved in human rights abuses related to political oppression in Ukraine.

In addition, the President has signed an Executive Order that authorizes sanctions on individuals and entities responsible for activities undermining democratic processes or institutions in Ukraine; threatening the peace, security, stability, sovereignty, or territorial integrity of Ukraine; contributing to the misappropriation of state assets of Ukraine; or purporting to assert governmental authority over any part of Ukraine without authorization from the Ukrainian government in Kyiv. This E.O. is a flexible tool that will allow us to sanction those who are most directly involved in destabilizing Ukraine, including the military intervention in Crimea, and does not preclude further steps should the situation deteriorate.

These actions build upon the previous actions the United States has taken, including suspending bilateral discussions with Russia on trade and investment; suspending other bilateral meetings on a case-by-case basis; putting on hold U.S.-Russia military-to-military engagement, including exercises, bilateral meetings, port visits, and planning conferences; and our agreement with G-7 nations to suspend for the time being our participation in activities associated with the preparation of the scheduled G-8 Summit in Sochi in June. Depending on how the situation develops, the United States is prepared to consider additional steps and sanctions as necessary.

At the same time, as the President has said, we seek to work with all parties to achieve a diplomatic solution that de-escalates the situation and restores Ukraine’s sovereignty. We call on Russia to take the opportunity before it to resolve this crisis through direct and immediate dialogue with the Government of Ukraine, the immediate pull-back of Russia’s military forces to their bases, the restoration of Ukraine’s territorial integrity, and support for the urgent deployment of international observers and human rights monitors who can assure that the rights of all Ukrainians are protected, including ethnic Russians, and who can support the Ukrainian government’s efforts to hold a free and fair election on May 25.

As we follow developments in Ukraine closely, the United States reaffirms its unwavering commitment to our collective defense commitments under the North Atlantic Treaty. We will continue to pursue measures that reinforce those commitments, to include the provision of additional support to NATO’s Baltic Air Policing mission and our aviation detachment in Poland.

Barack Obama